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Exception Tracking Spreadsheet (TicklerTrax™)
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New York credit union liquidated

The NCUA has announced it liquidated LOMTO Federal Credit Union, Woodside, New York, on September 30, 2018. Teachers Federal Credit Union, of Hauppauge, New York, assumed LOMTO’s members and most shares as well as some loans and other assets. Teachers Federal Credit Union serves 300,541 members and has assets of nearly $6.1 billion, according to the credit union’s most recent Call Report. LOMTO Federal Credit Union, which had 2,238 members and assets of about $156 million, is the sixth federally insured credit union liquidated in 2018.

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