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NCUA says cease building plan to CU in S.D.
ALEXANDRIA, Va. (3/4/10)--The National Credit Union Administration (NCUA) on Wednesday issued a cease and desist order against South Dakota-based Rapid City Telco FCU. The NCUA issued the order after the credit union’s plan to build a new central office created regulatory and safety and soundness concerns. Rapid City Telco has agreed to obey the order, according to the NCUA. The order was the first to be made in 2010. Rapid City Telco currently serves over 6,000 members through four branches.


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