In re Up State Federal Credit Union

Appeal from a decision of the Unemployment Insurance Appeal Board, filed July 17, 1996, which ruled that the unemployment insurance experience rating of RDC Federal Credit Union was transferred to Up State Federal Credit Union.

Sometime prior to 1993, the National Credit Union Administration (hereinafter NCUA) initiated insolvency proceedings against the RDC Federal Credit Union (hereinafter RDC) that eventually resulted in the purchase from NCUA by Up State Federal Credit Union (hereinafter Up State) of some of the loans RDC had made and the acceptance, with some exceptions, of RDC’s…