Wednesday, April 24, 2019

Mid East Tennessee Community CU Conserved

The National Credit Union Administration on April 23 placed Mid East Tennessee Community Credit Union in Decatur, Tennessee, into conservatorship.

Mid East Tennessee Community Credit Union is a federally insured, state-chartered credit union with 1,855 members and assets of $12,093,966, according to the credit union’s most recent Call Report.

The credit union at the end of 2018 reported that 4.45 percent of its loans were 60 days or more past due and a net charge-off rate of 2.66 percent.

Read the press release.

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