The $52 million BCT Federal Credit Union in Binghamton, N.Y., was placed in conservatorship on June 10 by the NCUA.
No specific reason was given for the move, the sixth conservatorship action by the NCUA so far this year.
The institution serves primarily the educational community of New York's Southern Tier educational community and one county in Pennsylvania and will continue normal operations while the agency works to resolve issues affecting BCT FCU's safety and soundness, the NCUA said.
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