ALEXANDRIA, Va. — Last week, NCUA determined it necessary toplace Mt. Hebron Baptist Federal Credit Union into conservatorshipto bring it back to a safe and sound operating status.

The agency conserved the $30,906-asset credit union and iscontinuing service uninterrupted to its 104 members.Conservatorship of a credit union helps continue normal operationswhile putting expert management in place.

While the credit union reported 54% net worth at the end ofMarch, its delinquency ratio was over 87%. Return on assets wasnegative 15%, according to NCUA Call Report data.

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