How Healthy Was Women’s Southwest Federal Credit Union?

On October 31 2012 the National Credit Union Administration announced the liquidation of Women’s Southwest Federal Credit Union (WSFCU) of Dallas, Texas. NCUA states that it made the decision to liquidate WSFCU “after determining the credit union was insolvent and had no prospect for restoring viable operations.” A key question is whether the deteriorating health of this credit union was a recent phenomenon. Our analysis suggests it wasn’t.

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