People for People Community Development Credit Union was conserved by U.S. federal banking regulators on Friday, Jan. 6. The credit union reported assets of $1.1 million as of Sept. 30, 2011. Members can continue to conduct normal financial transactions -deposit and access funds, make loan payments, and use shares. The National Credit Union Administration assumed control of service and operations at the credit union in Philadelphia. The NCUSIF, like the FDIC’s Deposit Insurance Fund, has the full faith and credit of the government.”]
Source: https://www.cuinfosecurity.com/one-cu-conserved-on-jan-6-a-4387