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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 121 - 180 of 261 Results
Year Date Type Credit Union Name City State Status
2009 12/17/2009 Merger With NCUA Assistance First Service Credit Union Milwaukee Wisconsin Merged
2013 01/07/2013 Involuntary Liquidation New Covenant Missionary Baptist Church Credit Union Milwaukee Wisconsin Closed
2016 02/05/2016 Involuntary Liquidation CTK Credit Union Milwaukee Wisconsin Closed
2015 03/31/2015 Involuntary Liquidation North Dade Community Development Federal Credit Union Miami Gardens Florida Closed
2011 04/15/2011 Conservatorship Vensure Federal Credit Union Mesa Arizona Closed
2011 07/11/2011 Involuntary Liquidation Vensure Federal Credit Union Mesa Arizona Closed
2010 06/30/2010 Merger With NCUA Assistance First Delta Federal Credit Union Marks Mississippi Merged
2009 10/23/2009 Conservatorship First Delta Federal Credit Union Marks Mississippi Merged
2010 09/13/2010 Involuntary Liquidation Industries Puerto Rico Federal Credit Union Manati Puerto Rico Closed
2013 05/03/2013 Involuntary Liquidation Lynrocten Federal Credit Union Lynchburg Virginia Closed
2018 06/29/2018 Involuntary Liquidation Louisville Metro Police Officers Credit Union Louisville Kentucky Closed
2017 12/15/2017 Conservatorship Louisville Metro Police Officers Credit Union Louisville Kentucky Closed
2009 07/06/2009 Involuntary Liquidation Watts United Credit Union Los Angeles California Closed
2009 09/22/2009 Involuntary Liquidation Comunidades Federal Credit Union Los Angeles California Closed
2009 10/28/2009 Involuntary Liquidation Second Baptist Church Credit Union Los Angeles California Closed
2022 10/07/2022 Conservatorship O.F. Toalston Federal Credit Union Logan West Virginia Closed
2022 11/15/2022 Involuntary Liquidation O.F. Toalston Federal Credit Union Logan West Virginia Closed
2014 02/14/2014 Involuntary Liquidation St. Francis Campus Credit Union Little Falls Minnesota Closed
2010 05/01/2010 Merger With NCUA Assistance Liberty Alliance Federal Credit Union Lexington Kentucky Merged
2012 10/29/2012 Involuntary Liquidation U.S. Central Bridge Corporate Federal Credit Union Lenexa Kansas Closed
2010 10/01/2010 Involuntary Liquidation U.S. Central Federal Credit Union Lenexa Kansas Closed
2014 02/28/2014 Merger With NCUA Assistance Jayhawk Federal Credit Union Lawrence Kansas Merged
2009 08/11/2009 Involuntary Liquidation Community One Federal Credit Union Las Vegas Nevada Closed
2009 11/30/2009 Involuntary Liquidation Fairfield County Ohio Federal Employees Federal Credit Union Lancaster Ohio Closed
2009 09/24/2009 Conservatorship Keys Federal Credit Union Key West Florida Released
2012 08/01/2012 Involuntary Liquidation A M Community Credit Union Kenosha Wisconsin Closed
2012 02/17/2012 Conservatorship A M Community Credit Union Kenosha Wisconsin Closed
2010 04/30/2010 Merger With NCUA Assistance Bethel G.T. Federal Credit Union Jamaica New York Merged
2016 11/01/2016 Merger With NCUA Assistance Anchor Seven Federal Credit Union Jacksonville Florida Merged
2011 05/04/2011 Conservatorship Valued Members Federal Credit Union Jackson Mississippi Closed
2011 05/31/2011 Involuntary Liquidation Valued Members Federal Credit Union Jackson Mississippi Closed
2015 10/16/2015 Conservatorship Helping Other People Excel Federal Credit Union Jackson New Jersey Closed
2015 11/20/2015 Involuntary Liquidation Helping Other People Excel Federal Credit Union Jackson New Jersey Closed
2022 03/04/2022 Involuntary Liquidation Empire Financial Federal Credit Union Jackson New Jersey Closed
2021 05/24/2021 Conservatorship Empire Financial Federal Credit Union Jackson New Jersey Closed
2013 03/15/2013 Involuntary Liquidation I.C.E. Federal Credit Union Inglewood California Closed
2010 03/01/2010 Merger With NCUA Assistance Community Choice Federal Credit Union Indianapolis Indiana Merged
2021 03/31/2021 Involuntary Liquidation Indianapolis’ Newspaper Federal Credit Union Indianapolis Indiana Closed
2021 01/14/2021 Conservatorship Indianapolis’ Newspaper Federal Credit Union Indianapolis Indiana Closed
2016 02/24/2016 Involuntary Liquidation Mildred Mitchell-Bateman Hospital Federal Credit Union Huntington West Virginia Closed
2009 01/01/2009 Merger With NCUA Assistance Bishop De Mazenod Federal Credit Union Houston Texas Merged
2012 03/31/2012 Merger With NCUA Assistance H.A.A. Federal Credit Union Houston Texas Merged
2015 12/29/2015 Involuntary Liquidation First Hawaiian Homes Federal Credit Union Hoolehua Hawaii Closed
2013 07/01/2013 Involuntary Liquidation PEF Federal Credit Union Highland Heights Ohio Closed
2013 06/21/2013 Conservatorship PEF Federal Credit Union Highland Heights Ohio Closed
2009 11/13/2009 Involuntary Liquidation Ensign Federal Credit Union Henderson Nevada Closed
2010 01/06/2010 Merger With NCUA Assistance Phillips County Self-Help Federal Credit Union Helena Arkansas Merged
2009 12/31/2009 Involuntary Liquidation Allied Tube Employees Federal Credit Union Harvey Illinois Closed
2011 09/23/2011 Conservatorship Chetco Federal Credit Union Harbor Oregon Closed
2012 12/31/2012 Involuntary Liquidation Chetco Federal Credit Union Harbor Oregon Closed
2015 07/16/2015 Involuntary Liquidation Lakeside Federal Credit Union Hammond Indiana Closed
2011 02/17/2011 Conservatorship Greensburg Community Federal Credit Union Greensburg Pennsylvania Merged
2010 07/29/2010 Involuntary Liquidation Norbel Credit Union Fort Collins Colorado Closed
2009 08/28/2009 Involuntary Liquidation Free Choice Federal Credit Union Feasterville Pennsylvania Closed
2014 09/05/2014 Involuntary Liquidation Louden Depot Community Credit Union Fairfield Iowa Closed
2011 12/02/2011 Involuntary Liquidation O.U.R. Federal Credit Union Eugene Oregon Closed
2011 06/24/2011 Conservatorship O.U.R Federal Credit Union Eugene Oregon Closed
2012 12/13/2012 Involuntary Liquidation G.I.C. Federal Credit Union Euclid Ohio Closed
2009 08/31/2009 Merger With NCUA Assistance First Security Credit Union Elm Grove Wisconsin Merged
2012 09/28/2012 Involuntary Liquidation El Paso's Federal Credit Union El Paso Texas Closed