The NCUA liquidated BCT FCU yesterday and announced that Visions FCU had agreed to purchase its assets, liabilities and member shares.

BCT FCU, a $41.3 million credit union in Binghamton, N.Y., saw its assets decline by 26.9% in the third quarter of this year, which followed a 1.1% drop in the second quarter and 3.3% increase in the first quarter.

Its net income declined 2,544% in the third quarter, as a result of a $9.5 million loss. This follows a 77.8% increase in income in the second quarter and a 259% increase in income during the first quarter.

Its net worth ratio was -8.4% at the end of the third quarter, compared with 12.8% at the end of the second quarter and 12.2% at the end of the first quarter.

BCT FCU's delinquent loan ratio was 1.14% at the end of the third quarter, .39% at the end of the second quarter and .19% at the end of March.

Its return on average assets ratio was -28.79% at the end of the third quarter, 1% at the end of the second quarter and .57% at the end of the first quarter.

Visions Federal Credit Union, headquartered in Endicott, N.Y., has $2.7 billion in assets and 127,000 members. BCT FCU had 3,900 members.