ALEXANDRIA, Va.-NCUA has liquidated one of the country's smallest CUs, Jilapuhn Federal Credit Union, located in East Point, Ga., the agency announced last week. NCUA assumed control of the credit union Aug. 26 and liquidated it after determining the credit union had an impaired capital position and was experiencing irresolvable problems in the areas of capital adequacy, cash management, record keeping and management. Jilapuhn Federal Credit Union had less than $150,000 in assets and served less than 200 members. NCUA assured the membership that their deposits are insured up to $100,000 by the National Credit Union Share Insurance Fund.
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