NCUA Giveth and Taketh Away

NCUA has returned control of the A.E.A. Federal Credit Union of Yuma, AZ back to its members. NCUA had placed the credit union into conservatorship in 2010. On the same day, NCUA announced that  it has liquidated Bethex Federal Credit Union of the Bronx, NY. The loans, assets, and shares of the credit union were immediately assumed by $1.07 billion USAlliance FCU. [12/21/15]