NCUA Cites CU For Exceeding Fixed Assets Rule With Monumental Branch Project
Credit Union Journal Daily Briefing | Thursday, March 4, 2010
RAPID CITY, S.D – In rare supervisory action, NCUA yesterday issued a cease and desist order directing Rapid City Telco FCU to halt construction on its new branch, near the presidential monuments Rushmore Crossing shopping center, or any additional fixed assets without NCUA approval because the $47 million credit union...
