ALEXANDRIA, Va. (10/19/15)--Helping Other People Excel FCU of Jackson, N.J., has been placed into conservatorship by the National Credit Union Administration, the agency announced Friday. Pinnacle FCU, Edison, N.J. will operate Helping Other People Excel during the conservatorship, under an agreement with the NCUA.
While normal member services continue, NCUA will work to resolve issues affecting the credit union’s safety and soundness.
Helping Other People Excel FCU has 96 members and assets of $290,927, according to the credit union’s most recent call report. It was chartered in 1978, and serves a community field of membership comprised of persons who live, work, worship, or attend school in, and businesses and other legal entities in Lakewood, N.J.
More information is available in a FAQ document posted by the NCUA.