NCUA Closes Louisiana Credit Union

In December of 2017, the NCUA closed Riverdale Credit Union, whose assets were then immediately acquired by Jefferson Financial Credit Union of Metairie.

“The National Credit Union Administration today liquidated Riverdale Credit Union of Selma, Alabama.

Jefferson Financial Federal Credit Union of Metairie, Louisiana, immediately assumed Riverdale Credit Union’s membership, shares, loans, and most other assets. Jefferson Financial Federal Credit Union is a federal credit union with 43,849 members and assets of $563,003,450, according to the credit union’s most recent Call Report.”

Read more in the press release from the NCUA.

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