From the link on Drudge.
“The National Credit Union Administration said Friday it has taken over and put into conservatorship the two corporate credit unions, U.S. Central Federal Credit Union, based in Lenexa, Kan., and Western Corporate Federal Credit Union, in San Dimas, Calif.”
CU takeover is a bit complicated.
Technically, a CU is owned by its members.
I forget how this works, been awhile since I have seen one.