The NCUA conserved the $76.1 million Riverdale Credit Union inSelma, Ala. Thursday for unspecified safety and soundness issues,according to the federal agencies prepared statement.

Though Riverdale posted a net worth of 12.58% at the end of thefirst quarter, its delinquency loan ratio was 3.69%, significantlyhigher than the peer average of 0.94%, according to NCUA financialperformance reports.

The credit union posted an ROAA of 3.88% at the end of March,much higher than the peer average of 0.40%.

While the Alabama credit union's loan income grew from$3.1 million in 2012 to $5.2 million in 2016, Riverdale's provisionfor loan losses also increased substantially from $637,365 in 2012to more than $2 million at the end of last year.

However, at the end of the first quarter, Riverdale recorded aprovision for loan losses of only $60,966, but it also recorded anallowance for loan losses of $1.4 million, according to NUCAfinancial performance reports.

Over the last five years, the credit union has not posted anynet income losses. At the end of the first quarter, Riverdalereported a net income of $721,705, compared to a net income of$194,698 in March 2016.

Up through the first quarter, Linda S. Walker was listed asRiverdale's president/CEO who served in that position at least fromJune 2012, according to the credit union's profile reports. In2015, Walker's salary totaled $139,227, according to Riverdale'slatest Form 990 document filed with the IRS.

But Walker is not listed as the CEO. Instead, Barbara Campbell,a bank consultant in Selma, is listed at Riverdale's CEO, thecredit union's current profile shows.

Riverdale employs 15 full-time staffers and serves more than12,000 members, according to its first quarter CallReport.