Skip to main content
United States flag An official website of the United States government
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Show

Conservatorships and Liquidations

Conservatorships: From time to time, the National Credit Union Administration places a credit union into conservatorship in order to resolve operational problems that could affect that credit union’s safety and soundness. Conservatorship means the NCUA has taken control of the credit union. During a conservatorship, the credit union remains open; members may transact business; and accounts remain insured by the National Credit Union Share Insurance Fund. For federally chartered credit unions, the NCUA takes this action on its own; in the case of a state-chartered credit union, the state supervisory authority initiates the conservatorship and in many cases appoints the NCUA as agent for the conservator.

Conservatorships can have three outcomes:

  • The credit union can resolve its operational problems and be returned to member ownership;
  • The credit union can merge with another credit union; or
  • The NCUA can liquidate the credit union.

Liquidations: Liquidation means a credit union has been closed; however, a liquidated credit union may be purchased — and members, assets, and loans assumed — by another credit union, so that members will be able to continue receiving financial services. If a credit union is placed into liquidation, the NCUA’s Asset Management and Assistance Center (AMAC) will oversee the liquidation and set up an asset management estate (AME) to manage assets, settle members’ insurance claims, and attempt to recover value from the closed credit union’s assets.

An AME holds the assets of a failed institution. Commonly administered by AMAC, to which the NCUA Board has delegated statutory authorities providing broad supervisory and management powers over the credit union's assets and operations. These powers include the ability to facilitate funding and disposition of assets. Also known as a liquidation estate.

If the member shares are not assumed by another credit union, all verified member shares are typically paid within five days of a credit union’s closure. 

No member of a federally insured credit union has ever lost a penny in insured accounts.

Showing 181 - 240 of 260 Results
Year Date Type Credit Union Name City State Status
2011 07/11/2011 Involuntary Liquidation Vensure Federal Credit Union Mesa Arizona Closed
2011 11/30/2011 Involuntary Liquidation BCT Federal Credit Union Binghamton New York Closed
2011 12/02/2011 Involuntary Liquidation O.U.R. Federal Credit Union Eugene Oregon Closed
2014 12/12/2014 Involuntary Liquidation Health One Credit Union Detroit Michigan Closed
2015 08/05/2015 Voluntary Liquidation New Bethel Federal Credit Union Portsmouth Virginia Closed
2015 04/30/2015 Conservatorship New Bethel Federal Credit Union Portsmouth Virginia Closed
2015 09/18/2015 Conservatorship Bethex Federal Credit Union Bronx New York Closed
2018 01/30/2018 Involuntary Liquidation St. Elizabeth’s Credit Union Chicago Illinois Closed
2018 02/28/2018 Involuntary Liquidation First Jersey Credit Union Wayne New Jersey Closed
2018 06/29/2018 Involuntary Liquidation Louisville Metro Police Officers Credit Union Louisville Kentucky Closed
2018 07/31/2018 Involuntary Liquidation Greater Christ Baptist Church Credit Union Detroit Michigan Closed
2018 08/31/2018 Involuntary Liquidation Melrose Credit Union Briarwood New York Closed
2018 09/30/2018 Involuntary Liquidation LOMTO Federal Credit Union Woodside New York Closed
2018 10/12/2018 Involuntary Liquidation Radio, Television and Communication Federal Credit Union Staten Island New York Closed
2016 04/05/2016 Involuntary Liquidation Electrical Inspectors Federal Credit Union Bensalem Pennsylvania Closed
2016 04/05/2016 Involuntary Liquidation Chester Upland School Employees Federal Credit Union Chester Pennsylvania Closed
2016 04/05/2016 Involuntary Liquidation Cardozo Lodge Federal Credit Union Bensalem Pennsylvania Closed
2016 11/29/2016 Involuntary Liquidation First African Baptist Church Federal Credit Union Sharon Hill Pennsylvania Closed
2017 02/10/2017 Conservatorship Melrose Credit Union Briarwood New York Closed
2017 04/13/2017 Conservatorship Shreveport Federal Credit Union Shreveport Louisiana Closed
2017 06/22/2017 Conservatorship Riverdale Credit Union Selma Alabama Closed
2017 06/26/2017 Conservatorship LOMTO Federal Credit Union Woodside New York Closed
2017 12/15/2017 Conservatorship Louisville Metro Police Officers Credit Union Louisville Kentucky Closed
2017 03/17/2017 Involuntary Liquidation Florida Conference AME Church (FCAMEC) Federal Credit Union Tallahassee Florida Closed
2017 03/31/2017 Involuntary Liquidation Valley State Credit Union Saginaw Michigan Closed
2017 10/02/2017 Involuntary Liquidation Shreveport Federal Credit Union Shreveport Louisiana Closed
2017 10/27/2017 Involuntary Liquidation New York State Employees Federal Credit Union New York New York Closed
2017 12/04/2017 Involuntary Liquidation Riverdale Credit Union Selma Alabama Closed
2015 10/16/2015 Conservatorship Helping Other People Excel Federal Credit Union Jackson New Jersey Closed
2015 01/30/2015 Involuntary Liquidation American Bakery Workers Federal Credit Union Philadelphia Pennsylvania Closed
2015 03/31/2015 Involuntary Liquidation North Dade Community Development Federal Credit Union Miami Gardens Florida Closed
2015 04/30/2015 Involuntary Liquidation TLC Federal Credit Union Tillamook Oregon Closed
2015 07/16/2015 Involuntary Liquidation Lakeside Federal Credit Union Hammond Indiana Closed
2015 08/28/2015 Involuntary Liquidation SCICAP Credit Union Chariton Iowa Closed
2015 09/24/2015 Involuntary Liquidation SWC Credit Union Tampa Florida Closed
2015 11/20/2015 Involuntary Liquidation Helping Other People Excel Federal Credit Union Jackson New Jersey Closed
2015 12/01/2015 Involuntary Liquidation Greater Abyssinia Federal Credit Union Cleveland Ohio Closed
2015 12/18/2015 Involuntary Liquidation Bethex Federal Credit Union Bronx New York Closed
2015 12/29/2015 Involuntary Liquidation First Hawaiian Homes Federal Credit Union Hoolehua Hawaii Closed
2016 11/09/2016 Conservatorship Valley State Credit Union Saginaw Michigan Closed
2016 02/05/2016 Involuntary Liquidation CTK Credit Union Milwaukee Wisconsin Closed
2016 02/24/2016 Involuntary Liquidation Mildred Mitchell-Bateman Hospital Federal Credit Union Huntington West Virginia Closed
2016 03/04/2016 Involuntary Liquidation Education Associations Federal Credit Union Washington District of Columbia Closed
2016 03/29/2016 Involuntary Liquidation Veterans Health Administration Credit Union Detroit Michigan Closed
2016 04/05/2016 Involuntary Liquidation Triangle Interests % Service Center Federal Credit Union Bensalem Pennsylvania Closed
2016 04/05/2016 Involuntary Liquidation Servco Federal Credit Union Bensalem Pennsylvania Closed
2016 04/05/2016 Involuntary Liquidation O P S EMP Federal Credit Union Bensalem Pennsylvania Closed
2014 01/24/2014 Conservatorship Parsons Pittsburg Credit Union Parsons Kansas Closed
2014 05/16/2014 Conservatorship Health One Credit Union Detroit Michigan Closed
2014 01/21/2014 Voluntary Liquidation Bagumbayan Credit Union Chicago Illinois Closed
2014 02/14/2014 Involuntary Liquidation St. Francis Campus Credit Union Little Falls Minnesota Closed
2014 03/21/2014 Involuntary Liquidation Parsons Pittsburg Credit Union Parsons Kansas Closed
2014 03/31/2014 Involuntary Liquidation Mayfair Federal Credit Union Philadelphia Pennsylvania Closed
2014 05/23/2014 Involuntary Liquidation Life Line Credit Union Richmond Virginia Closed
2014 07/10/2014 Involuntary Liquidation IBEW Local 816 Federal Credit Union Paducah Kentucky Closed
2014 09/05/2014 Involuntary Liquidation Louden Depot Community Credit Union Fairfield Iowa Closed
2014 09/30/2014 Involuntary Liquidation Republic Hose Employees Federal Credit Union Youngstown Ohio Closed
2014 10/10/2014 Involuntary Liquidation County & Municipal Employees Credit Union Edinburg Texas Closed
2014 12/03/2014 Involuntary Liquidation Metropolitan Church of God Credit Union Detroit Michigan Closed
2022 10/07/2022 Conservatorship O.F. Toalston Federal Credit Union Logan West Virginia Closed