Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
NCUA
NCUA places $3 million NJ credit union into conservatorship
The $3.04 million-in-assets, 343-member Empire Financial Federal Credit Union of Jackson, N.J., was placed in conservatorship Monday by the National Credit Union Administration (NCUA), the agency announced, citing “unsafe and unsound practices” at the institution. […]
