Failures

Federal regulators shuttered the institution, which had just $3 million in assets, after it became insolvent with no viable path forward.

NCUA liquidated LOMTO Federal Credit Union following years of significant losses due to poorly performing taxi medallion loans.

After months of negative headlines, including administrative charges against a former CEO, regulators shuttered the NYC-based credit union.

A credit union in Swansea, Wales, has collapsed and will cost the UK's Financial Services Compensation Scheme nearly $647,000 to reimburse members' insured funds.

Bankers at Sonoma Valley Bank were convicted of bank fraud, money laundering and other offenses.

Greater Christ Baptist Church Credit Union had assets of just $608,000, and saw mounting losses during each of the last three years.

Good times end eventually. And it is inevitable that some new approach to banking will cause financial institutions to fall flat in a downturn.

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

First Jersey is the second federally insured CU to be liquidated this year.