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Kentucky credit union closes

The National Credit Union Administration has announced the liquidation of Paducah Teachers Federal Credit Union in Paducah, Kentucky. C-Plant Federal Credit Union of Paducah, Kentucky, immediately purchased some assets and assumed most of Paducah Teachers Federal Credit Union’s share accounts.

C-Plant Federal Credit Union is a federally insured credit union with 15,798 members and assets of $278.91 million, according to the credit union’s most recent Call Report. Paducah Teachers Federal Credit Union is the second federally insured credit union liquidation in 2022.

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