Alliance Credit Union of Florida Conservatorship Frequently Asked Questions

Yes, member accounts at Alliance Credit Union of Florida remain safe and fully insured up to the maximums established in federal law.

Administered by the National Credit Union Administration, the National Credit Union Share Insurance Fund insures member accounts owned by an individual for up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also 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.

The NCUA’s online Share Insurance Estimator allows credit union members to estimate their share insurance coverage. Once you provide the required data, the Share Insurance Estimator produces a report with a detailed explanation of insurance coverage.

Members with additional questions about their insurance coverage may contact the National Credit Union Administration’s Consumer Assistance Center toll free at 800.755.1030. The center answers calls Monday through Friday between 8 a.m. and 5 p.m. Eastern.

You can visit the Share Insurance Coverage page of the NCUA’s MyCreditUnion.gov consumer website at any time for more information about insurance coverage.

Florida’s Office of Financial Regulation placed Alliance Credit Union of Florida into conservatorship on November 08, 2024. In a conservatorship, the NCUA’s priority is to protect the assets of the members of Alliance Credit Union of Florida while working to maintain safe-and-sound credit union operations.

The NCUA is an independent agency of the federal government that, among other things, operates and manages the Share Insurance Fund, which insures accounts at all federally insured credit unions, including Alliance Credit Union of Florida.

A conservatorship means the NCUA has assumed control of Alliance Credit Union of Florida to ensure its financial stability and safe-and-sound operation. In a conservatorship, the NCUA works to address issues related to a credit union’s operations and financial condition while maintaining member services.

Yes, member services at Alliance Credit Union of Florida will continue uninterrupted. You can contact Alliance Credit Union of Florida by telephone at 352.372.8225 or in person at one of the credit union’s branches.

Information about Alliance Credit Union of Florida branches and hours of operations is available here.

Through a conservatorship, the NCUA will work in conjunction with the Florida Office of Financial Regulation to resolve operating issues at the credit union with the goal of protecting member assets and seeking a resolution to identified problems. The NCUA has made no decisions about the long-term future of the credit union; however, continued service to members is a priority.

In working to resolve issues affecting Alliance Credit Union of Florida, the top priority is to protect the interests of the credit union’s members, and the NCUA has no set timeframe for completing this process.

Alliance Credit Union of Florida serves 5,394 members, according to its most recent Call Report.

The credit union has assets of $59,133,248, according to its most recent Call Report.

Alliance Credit Union of Florida is a federally insured, state-chartered credit union that serves anyone living or working in Alachua, Bradford, Gilchrist, Levy, or Union County, and other employee groups as well as their family members.