The $4 million Trinity Credit Union of Trinidad, Colo., wasplaced under NCUA conservatorship by the Colorado FinancialDivision of Financial Services on Friday following reports of itsdeclining financial conditions.
|The 1,153 members of Trinity will not be affected by theconservatorship and will still be able to conduct all financialtransactions normally, the NCUA said.
|The NCUA said it will attempt to resolve any operating issues atthe credit union, while also protecting members' assets.
|The NCUSIF insures individual and joint accounts up to $250,000.The NCUSIF will also protect IRA and KEOGH retirement accounts of up to $250,000.
|There is currently no set date on which the conservatorship willend, the NCUA said.
|Trinity Credit Union is the fourth federally insured creditunion placed into conservatorshipduring 2012.
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