ALEXANDRIA, Va. (March 26, 2025) – Valwood Park Federal Credit Union of Carrollton, Texas, is once again under the control and direction of its members, the National Credit Union Administration announced today.
“The recovery of Valwood Park reflects the extraordinary efforts of its leadership team, staff, and members,” NCUA Chairman Kyle S. Hauptman said. “Working in collaboration with the NCUA, the new management team saved the credit union from failure by enhancing controls and mitigating risks. Valwood Park is now in a stronger position to provide vital financial services and enhance the financial well-being of residents in Dallas’s Metrocrest communities.”
The NCUA placed Valwood Park Federal Credit Union into conservatorship on January 20, 2023, because of unsafe and unsound practices at the credit union.
Chartered in 1974 and federally insured since, Valwood Park Federal Credit Union is a full-service credit union with 2,686 members and assets of $25,442,484, according to the credit union’s most recent Call Report. Valwood Park Federal Credit Union provides financial services to the communities of Carrollton, Addison, and Farmers Branch, Texas.