Members Say NCUA Waited Too Long To Conserve Ohio Credit Union

NCUA official seal. Credit/NCUA

A group of members of the $9.6 million Butler Heritage Federal Credit Union who successfully blocked it from merging in 2023 said the NCUA’s decision to conserve the credit union in Middletown, Ohio comes more than two and a half years too late.

Because of unsafe and unsound practices at the credit union, the NCUA announced after regular business hours on Friday that it conserved Butler Heritage Federal Credit Union (BHFCU). Lauren Quill, a CPA with the Amarillo, Texas-based Waypoint Advisory Services, a credit union auditing and consulting firm, is listed as CEO, according to BHFCU’s profile report. Services for the credit union’s 827 members will continue until the NCUA resolves issues affecting BHFCU’s operations.