ALEXANDRIA, Va.-NCUA announced that it liquidated Yankton Employees Federal Credit Union in South Dakota for insolvency. The agency will issue checks to the credit union's 77 members by April 28. The accounts are insured up to $100,000 by the NCUSIF, NCUA assured. NCUA determined the credit union to be insolvent and shut it down April 24. Yankton Employees Federal Credit Union, chartered in 1969, had $102,913 in assets when it was closed. Member questions about their accounts were directed to NCUA's Asset Management Assistance Center in Austin, Texas.

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

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.