ALEXANDRIA, Va. (2/26/14)--The National Credit Union Administration has lifted a cease-and-desist order that was filed against South Dakota-based Rapid City Telco FCU in early 2010.
The agency issued the order after the credit union's plan to build a new central office created regulatory and safety and soundness concerns. The NCUA release did not say whether these concerns have been addressed.
Rapid City Telco was opened in 1945, and currently serves 5,629 members through four branches. The credit union holds $45 million in assets.