The National Credit Union Administration has liquidated the assets of a Meriden credit union and declared it insolvent.

Officials say the actions are part of an ongoing investigation. The Meriden F.A. Federal Credit Union closed its doors in July.

Officials with the National Credit Union Administration confirm that checks have been distributed to members with active accounts when the credit union was placed into liquidation.

The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions.

Officials say the credit union was serving more than 200 members and had assets of nearly $338,000 when the liquidation process began.

The credit union opened in 1954.

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