The NCUA placed Tracy Federal Credit Union of Tracy, Calif., into conservatorship late last Friday.
The $25.9 million credit saw its liabilities increase 27.2% during the last quarter of 2009 and a 89.6% decline in its net income, according to its financial report filed with the NCUA.
Its delinquency ratio was 3.85%, up from 3.54% in the third quarter.
Recommended For You
It had a negative ROA as it had during the three previous quarters of 2009.
The NCUA noted that under the conservatorship, members will continue to have uninterrupted service.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
