DERBY LINE, Vt. – State regulators this afternoon shuttered tiny Border Lodge CU, a $3.4 million credit union located near the Canadian border that is the year’s 19th credit union failure.

The single-branch credit union, based in the town of Derby Line, served 1,097 members and was located in the town of Derby Line from various select groups in Vermont’s Orleans County.

The tiny credit union will be liquidated by NCUA, the year’s 11th liquidation. Eight assisted mergers make a total of 19 failures so far for 2012.

 

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