HIGHLAND HIGHTS, Ohio NCUA said this morning it has taken under conservatorship PEF FCU, originally the credit union for employees of Picker X-Ray, and will work to resolve the troubles at the $32 million credit union.
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The credit union reported a $3.4 million loss for 2012 and a loss of $50,000 for the first quarter, as its net worth slid to just 4.3%.
PEF FCU was chartered in 1957 and serves 2,974 members.
PEF FCU is the third insured credit union placed into conservatorship during 2013.
