New CU Opts for Liquidation
Internet Archive FCU, a three-year old credit union, has opted for a voluntary liquidation rather than continue to be subject to what it describes as restrictive regulations and oppressive oversight on the part of NCUA. NCUA had originally given the credit union permission to serve the non-money business side of Bitcoin, but then later began to focus intently on that aspect of the credit union’s activities. [12/21/15]