NCUA

NCUA places small IN credit union into conservatorship

January 15, 2021 0

The federal credit union regulator on Thursday said it placed the $6.6 million-in-assets, 1,155-member Indianapolis’ Newspaper Federal Credit Union into conservatorship. “The NCUA placed Indianapolis’ Newspaper Federal Credit Union into conservatorship because of unsafe and […]

NCUA

Tiny credit union in SC conserved by federal regulator

January 6, 2021 0

The $4.5 million-in-assets, 785-member C O Federal Credit Union of Charleston, S.C., has been placed in conservatorship because of unsafe and unsound practices, the National Credit Union Administration (NCUA) announced late Monday. The agency said […]

NCUA

GA credit union placed in conservatorship

June 11, 2020 0

The $46.4 million-assets Southern Pine Credit Union in Valdosta, Ga., was placed into conservatorship Thursday by the National Credit Union Administration (NCUA) in consultation with the Georgia Department of Banking and Finance, the federal credit […]

NCUA

KY credit union conserved to ‘correct weaknesses’

December 15, 2017 0

A $28 million Kentucky credit union was placed into conservatorship Friday to give it time to “allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses,” the […]