NEW ORLEANS NCUA this evening shuttered Oschner Clinic FCU, a $9 million credit union serving Ochsner Clinic Foundation and Ochsner Health System and assigned the assets of the year’s tenth credit union failure to ASI FCU.
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NCUA said it made the decision to liquidate Ochsner Clinic FCU and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.
The credit union served 3,099 members and had assets of approximately $9.25 million.
Chartered in 1973, Ochsner Clinic FCU served a number of select groups centered primarily on the medical profession in the New Orleans area.
