NCUA headquarters.
Credit/The NCUA
The New York State Department of Financial Services placed the $6 million, 474-member Yonkers Postal Employees Credit Union into conservatorship and appointed the NCUA as conservator, the regulators announced Friday.
YPECU has posted losses annually from 2019 to 2021. In 2019, the credit union recorded a net loss of $280,363, $11,455 in 2020 and $32,504 in 2021, according to NCUA financial performance reports. In 2022, it had a net income of $27,531.
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