ALEXANDRIA, Va. (12/29/14)--A cease-and-desist order has been issued to New Bethel FCU, Portsmouth, Va., by the National Credit Union Administration, the agency announced last week.
Officials at the $85,000-asset credit union have agreed to a consent order from the NCUA.
The order requires New Bethel FCU to:
Accounts of New Bethel members remain insured by the National Credit Union Share Insurance Fund, according to the NCUA.
New Bethel FCU was chartered in 1978 and serves 176 members, according to the credit union's most recent call report.