The NCUA liquidated Tracy Federal Credit Union of Tracy, Calif. yesterday and accepted an offer from Valley First Credit to purchase and assume its assets.

The NCUA had placed Tracy FCU into conservatorship in March.

Tracy FCU is a $25.9 million credit union that 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. The credit union hasn't filed a report for the first quarter of 2010.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including 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.