Friday, December 15, 2017

Louisville Metro Police Officers CU Placed into Conservatorship

The National Credit Union Administration (NCUA) placed Louisville Metro Police Officers Credit Union, in Louisville, Kentucky, into conservatorship on December 15th.

The NCUA placed Louisville Metro Police Officers Credit Union into conservatorship to allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses.

Various news outlets are reporting that the Federal Bureau of Investigation is investigating possible theft-related incident at the credit union.

Louisville Metro Police Officers Credit Union is a federally insured, state-chartered credit union with 3,564 members and assets of $28,759,623, according to the credit union’s most recent Call Report.

Read the press release.
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