June 25, 2011 – 11:31 pm

O.U.R. Federal Credit Union of Eugene, Oregon, became the eighth federal credit union placed into conservatorship by the National Credit Union Administration (NCUA) this year.

The NCUA on Friday conserved O.U.R. Federal Credit Union of Eugene, Ore. and promised to work to resolve issues that impact the financial institution’s safety and soundness.

According to the latest Call Report, as of March 31 the $4.3 million credit union had a net worth ratio of 3.86%, a loan delinquency ratio of 0.44%, and a return on average assets of 0.11%.

The credit union has 2,184 members and includes residents of Lane County, Ore. who have participated in the county’s Department of Community Health and Social Services within the past 12 months.

For more information please visit the National Credit Union Administration (NCUA) web site for O.U.R. Federal Credit Union.

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