NCUA places Indiana Credit Union into conservatorship
The NCUA has placed Richmond City Employees Federal Credit Union in Richmond, Indiana, into conservatorship, agency officials announced Monday.
They said the conservatorship was needed due to unsafe and unsound practices at the credit union, adding that they will attempt to resolve those issues while continuing normal member services.
Accounts will also continue to be protected by the NCUA’s Share Insurance Fund.
continue reading »
