State and federal credit union regulators have closed a community-chartered credit union in Harrisburg, Pa., that they said was insolvent.
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Greater Harrisburg Community Credit Union was chartered in 2001 and had about 1,600 members and $1.6 million of assets.
The National Credit Union Administration said Friday that regulators tried to find an acquirer but no credit unions stepped forward. "Liquidation was considered the only viable option," the agency said.
Officials at the NCUA and the Pennsylvania Department of Banking refused to discuss what led to Greater Harrisburg's failure.
