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NCUA’s Role as Liquidating Agent

View of the NCUA’s headquarters in Alexandria, Virginia.

The NCUA is legally obligated by Congress to minimize potential losses to the National Credit Union Share Insurance Fund. 

To meet our statutory obligations as liquidating agent, the NCUA’s Asset Management and Assistance Center creates an asset management estate to manage a failed credit union’s remaining assets, settle members’ insurance claims, and attempt to recover any remaining value. 

Press Release: NCUA Completes Taxi Medallion Loan Sale

The NCUA took this action after thorough research and careful consideration, determining the sale as the most appropriate action to ensure the agency meets its statutory obligation under the Federal Credit Union Act to achieve the least, long-term cost to the National Credit Union Share Insurance Fund.

Additional Information

Conservatorships and Liquidations

Filing Claims

Unclaimed Deposits

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