ALEXANDRIA, Va. – NCUA announced this afternoon it liquidated tiny Women’s Southwest FCU of Dallas and assigned the remnants of the $2 million institution, the year’s 18th credit union failure, to City CU of Dallas.
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City CU is a $260 million credit union serving 38,000 members.
Women’s Southwest was chartered in 1974 as the Feminist Southwest FCU and now serves 743 members, most of them through select groups centered primarily on women’s advocacy, interest, and affiliation. The credit union also served an underserved area in Dallas and other affinity groups.
The credit union is the year's 18th failure, which includes 10 involuntary liquidations and eight assisted mergers.
