APPLE VALLEY, Calif. – High Desert FCU, which has been operating under NCUA conservatorship since October, has put its new headquarters building on the market for less than it cost to build.
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The $110 million credit union, which reported a whopping $13 million first-quarter loss, has listed the 24,000 square-foot building at $5.2 million, $800,000 less than it cost to build. The credit union completed the office last September, but never moved in.
High Desert, $190 million just two years ago, is searching for a merger partner, with the help of NCUA.
