Nearly seven months after it was placed into conservatorship because of safety and soundness issues, the $1.4 million Cory Methodist Church Credit Union in Cleveland was merged into the $60.5 million Eaton Family Credit Union of Euclid, Ohio Thursday, the NCUA said.
The NCUA was appointed the conservator for the credit union earlier this year.
On February 4, the Ohio Department of Commerce Division of Financial Institutions in Columbus placed Cory Methodist Church CU into conservatorship to protect its assets, members, depositors and creditors.
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