The National Credit Union Administration last week finished converting 95 privately insured Tennessee credit unions to federal coverage.

The credit unions, which represent about $1.4 billion of assets, were formerly insured by Mutual Guaranty Corp. The Chattanooga-based insurer, which announced plans to liquidate last year, had been losing institutions for two years after several states in which it had customer. s required federal coverage.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.