ALEXANDRIA, Va. (5/17/13)--First Kingdom Community FCU, Selma, Ala., has been taken under conservatorship, the National Credit Union Administration (NCUA) announced Thursday.
The NCUA said it will work to resolve safety and soundness issues at the 76-member, $88,400 asset credit union.
First Kingdom was chartered in 2007 and serves those who live, work, worship, or attend school in Dallas County, Ala.; businesses and other legal entities located in the county; spouses of persons who died while within First Kingdom's field of membership; employees of the credit union; volunteers in the community; members' immediate family or household; and organizations of such persons.
Members will not be able to conduct business at the credit union for the time being, but the NCUA said it is working on a solution to this issue.
For the full NCUA release, use the resource link.