The National Credit Union Administration announced the voluntary liquidation of New Bethel Federal Credit Union of Portsmouth, Virginia.
NCUA placed New Bethel Federal Credit Union into conservatorship on April 30, 2015. The decision to voluntarily liquidate New Bethel and discontinue its operations was made after determining the credit union was unable to restore viable operations.
New Bethel served 172 members and had assets of $101,630, according to the credit union’s most recent Call Report.
Read the press release.
No comments:
Post a Comment