Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Rapid City Telco FCU released from NCUA cease-and-desist order
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.


RSS print
News Now LiveWire
#NewsNow: CU leagues of 5 states call for merchant breach accountability http://t.co/lnmpna8AoV
16 hours ago
Worker's CU, Fitchburg, Mass., was 1 of 5 CUs recognized with a 2014 @CUNA Technology Council Excellence in Technology Award
17 hours ago
.@Servicecu was 1 of 5 CUs recognized with a 2014 @CUNA Technology Council Excellence in Technology Award.
17 hours ago
SACU of San Antonio was 1 of 5 CUs honored with a 2014 @CUNA Technology Council Excellence in Technology Award
18 hours ago
Credit report tips from @CUNA's Susan Tiffany at @RISMediaUpdates http://t.co/ezefKXwWjw
18 hours ago