NCUA Places California Credit Union into Conservatorship

The National Credit Union Administration on Friday placed Pomona Postal Federal Credit Union in Pomona, California, into conservatorship.

Member deposits at the credit union remain protected by the NCUA Share Insurance Fund. The credit union’s office at 437 West Center Street, Pomona, California remains open.

Pomona Postal Federal Credit Union is a federally insured credit union with 717 members and $4.2 million in assets, according to the credit union’s most recent Call Report. The credit union provides financial services for people working for the Pomona Post Office, located in Pomona, California.

The NCUA did not provide details of the events leading up to the conservatorship.

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