The National Credit Union Administration has liquidated Bricks North Carolina Community FCU in Whitakers, N.C. The credit union, founded in 1936, had 492 members and $731,000 of assets.
It was the second time this month that federal regulators have shut a credit union for poor underwriting standards. Bricks' members are eligible to join Freedom FCU, a $26 million-asset institution in nearby Rocky Mount. Members may access their new accounts on Monday.