Six area federal credit unions, including five in Bucks County, have been closed and liquidated by federal regulars.

All six credit unions received management and record keeping services from Service Center for Credit Unions Inc., located in Bensalem.

The National Credit Union Administration announced the closure this week, saying member deposits up to $250,000 are federally insured by the National Credit Union Share Insurance Fund.

The NCUA made the decision to liquidate the six federal credit unions "after determining the credit unions were insolvent and had no prospect for restoring viable operations."