NCUA ends first week of 2012 with first conservatorship of year: Philadelphia's People for People CDCU.
The NCUA conserved and moved the office of the $1.3 million Birmingham Financial FCU on Thursday.
The NCUA announced Friday it was placing the $333 million Chetco FCU of Brookings Harbor, Ore., into conservatorship.
Net worth ratio barely budges, loan charge-offs hit $32.2 million for past six quarters.
Colorado CDCU records $204,779 loss in second quarter.
Less than a month after issuing a cease and desist order, the NCUA conserved Borinquen Federal Credit Union of Philadelphia on Friday.
The $52 million BCT Federal Credit Union in Binghamton, N.Y., was placed in conservatorship on June 10 by the NCUA.
Both in Jackson, Miss.; $9 million Valued Members was conserved by NCUA in early May.
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
Indictments added to nine already charged in Cleveland credit union failure.