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.