In a courtroom in the U.S. District Court for the District of Columbia last week, the NCUA tried to convince a federal judge to let it continue conserving Vensure Federal Credit Union.
The NCUA is trying to convince a federal judge that it should be allowed to continue conserving Vensure FCU.
Vensure Federal Credit Union has sued the NCUA in federal court to prevent the agency from taking control of its operations.
Vensure Federal Credit Union has a date in court, May 11, with the NCUA for the agency to show why its conservatorship should go forward.
Arizona CU says it had disclosed relationship with Internet gambling payments processor, was in process of growing traditional services.