ALEXANDRIA, Va.-NCUA announced that it liquidated Yankton Employees Federal Credit Union in South Dakota for insolvency. The agency will issue checks to the credit union's 77 members by April 28. The accounts are insured up to $100,000 by the NCUSIF, NCUA assured. NCUA determined the credit union to be insolvent and shut it down April 24. Yankton Employees Federal Credit Union, chartered in 1969, had $102,913 in assets when it was closed. Member questions about their accounts were directed to NCUA's Asset Management Assistance Center in Austin, Texas.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.