AUSTELL, Ga.—NCUA Friday liquidated Soul Community Federal Credit Union here.
The agency said it made the decision to liquidate the $308,500 credit union and discontinue its operations after determining the credit union was insolvent and in violation of numerous provisions of the Federal Credit Union Act and NCUA rules and regulations, including operating in an unsafe and unsound manner.
Soul Community Federal Credit Union, chartered in 2024, primarily served persons who live, work, worship, study, and participate in programs, associations and businesses in Austell.