The NCUA announced it liquidated Helping Other People Excel FCU of Jackson, N.J., according to a Nov. 20 press release.
The $626,529, 110-member credit union was placed into conservatorship on Oct. 16. The NCUA decided to liquidate the credit union after determining it was insolvent with no prospect for restoring viable operations.
The troubled credit union was operated by Pinnacle FCU of Edison, N.J. during the conservatorship.
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