Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
.@IllinoisLeague Hession: #HB5342 cause for celebration...will serve as a model across the country for state, fed regulators @GovernorQuinn
14 minutes ago
.@GovernorQuinn signs #HB5342 providing parity for state-chartered #creditunion examinations via @IllinoisLeague http://t.co/yrhoCkE4ER
53 minutes ago
.@Walmart's US CEO Bill Simon to step down, Greg Foran moves up via http://t.co/WIqJbYcapL
1 hours ago
.@NCUA just releases 3 segments of new online series to help CU managers, volunteers detect/deter fraud http://t.co/JgyRHcfgit
1 hours ago
.@USDA recognizes Royal #creditunion's $5M rural mortgage lending effort http://t.co/VMsvV0Mpbf
1 hours ago