#BankFailFriday warms up with 2010's first failure of a credit union: Kern Central CU, Bakersfield, CA http://cli.gs/gBvUrD
At liquidation, Kern Central had approximately $34.9 million in assets and served approximately 8,400 members.
The National Credit Union Administration liquidated it, then immediately signed an agreement with Self-Help Federal Credit Union (Self-Help) of Durham, North Carolina, to assume the assets and liabilities of Kern Central.
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