Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
PEF FCU Placed Under NCUA Conservatorship
ALEXANDRIA, Va. (6/24/13)--PEF FCU, Highland Heights, Ohio, has been taken under conservatorship, the National Credit Union Administration announced Friday.

The NCUA said it will work to resolve safety and soundness issues at the 2,974-member, $31.3 million-in-assets credit union.

Chartered in 1957, PEF Federal Credit Union serves 2,974 members and has assets of approximately $31.3 million, according to the credit union's most recent Call Report.

PEF was originally chartered in 1957 as Picker X-ray CU, and currently serves those that live, work, worship or attend school in the eastern section of Cuyahoga County, Ohio.
 
Members will still be able to conduct business at the credit union during the conservatorship.
 
For the full NCUA release, use the resource link.
Other Resources

NCUA Release
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
9 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
14 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
14 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
16 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
16 hours ago