Member Deposits Insured up to $250,000; Member Services Uninterrupted
ALEXANDRIA, Va. (Dec. 15, 2017) – The National Credit Union Administration today placed Louisville Metro Police Officers Credit Union, in Louisville, Kentucky, into conservatorship.
Member deposits at Louisville Metro Police Officers Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.
Credit union members should experience no interruption in services at the credit union’s main office located at 900 West Market Street, Suite 100, Louisville, Kentucky, and at its branch location. Louisville Metro Police Officers Credit Union’s main office is open Monday, Tuesday, and Thursday from 8:30 a.m. to 3:30 p.m.; Wednesday from 9 a.m. to 1 p.m.; and Friday from 8 a.m. to 5 p.m. Members with questions may contact the credit union at 502.584.7134.
Members who have questions about the conservatorship may review the Louisville Metro Police Officers Credit Union’s Frequently Asked Questions document available on the NCUA website. Members with questions about their Share Insurance Fund coverage can find more information on the Share Insurance Coverage section of the NCUA’s MyCreditUnion.gov consumer website.
The NCUA placed Louisville Metro Police Officers Credit Union into conservatorship to allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses. While continuing normal member services, the NCUA will work to resolve issues affecting the credit union’s safety and soundness.
Louisville Metro Police Officers Credit Union is a federally insured, state-chartered credit union with 3,564 members and assets of $28,759,623, according to the credit union’s most recent Call Report. Louisville Metro Police Officers Credit Union serves members and businesses in the Louisville, Kentucky, area.