Department of Financial Services Takes Possession of Municipal Credit Union and Names NCUA as Conservator

Posted to Applied Web NY on Fri, 05/17/2019 - 17:09

Acting Financial Services Superintendent Linda A. Lacewell today announced the Department of Financial Services (DFS) has taken possession of Municipal Credit Union (MCU) because of unsafe and unsound conditions and has appointed the National Credit Union Administration (NCUA) as conservator. 

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