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%.

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