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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 1 - 60 of 260 Results
Year Date Type Credit Union Name City State Status
2015 07/01/2015 Merger With NCUA Assistance 65 Family Federal Credit Union New York New York Merged
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 A.L. Bratcher Federal Credit Union Bessemer Alabama Merged
2010 12/17/2010 Conservatorship AEA Federal Credit Union Yuma Arizona Released
2009 12/31/2009 Involuntary Liquidation Allied Tube Employees Federal Credit Union Harvey Illinois Closed
2015 01/30/2015 Involuntary Liquidation American Bakery Workers Federal Credit Union Philadelphia Pennsylvania Closed
2013 02/19/2013 Involuntary Liquidation Amez United Credit Union Detroit Michigan Closed
2016 11/01/2016 Merger With NCUA Assistance Anchor Seven Federal Credit Union Jacksonville Florida Merged
2010 06/25/2010 Conservatorship Arrowhead Credit Union San Bernardino California Released
2011 06/10/2011 Conservatorship BCT Federal Credit Union Binghamton New York Closed
2011 11/30/2011 Involuntary Liquidation BCT Federal Credit Union Binghamton New York Closed
2013 12/12/2013 Conservatorship Bagumbayan Credit Union Chicago Illinois Closed
2014 01/21/2014 Voluntary Liquidation Bagumbayan Credit Union Chicago Illinois Closed
2018 10/01/2018 Merger With NCUA Assistance Bay Ridge Federal Credit Union Brooklyn New York Merged
2010 12/14/2010 Involuntary Liquidation Beehive Credit Union Salt Lake City Utah Closed
2010 02/02/2010 Merger With NCUA Assistance Bestwall Brunswick Federal Credit Union Brunswick Georgia Merged
2010 04/30/2010 Merger With NCUA Assistance Bethel G.T. Federal Credit Union Jamaica New York Merged
2015 09/18/2015 Conservatorship Bethex Federal Credit Union Bronx New York Closed
2015 12/18/2015 Involuntary Liquidation Bethex Federal Credit Union Bronx New York Closed
2018 03/14/2018 Conservatorship Beverly Bus Garage Federal Credit Union Chicago Illinois Merged
2011 12/19/2011 Involuntary Liquidation Birmingham Financial Federal Credit Union Birmingham Alabama Closed
2011 10/27/2011 Conservatorship Birmingham Financial Federal Credit Union Birmingham Alabama Closed
2009 01/01/2009 Merger With NCUA Assistance Bishop De Mazenod Federal Credit Union Houston Texas Merged
2012 11/30/2012 Involuntary Liquidation Border Lodge Credit Union Derby Vermont Closed
2011 06/24/2011 Conservatorship Borinquen Federal Credit Union Philadelphia Pennsylvania Closed
2011 07/08/2011 Involuntary Liquidation Borinquen Federal Credit Union Philadelphia Pennsylvania Closed
2012 06/30/2012 Merger With NCUA Assistance Branch 825 NALC Credit Union Oak Brook Illinois Merged
2021 09/17/2021 Involuntary Liquidation C O Federal Credit Union Charleston South Carolina Closed
2021 01/05/2021 Conservatorship C O Federal Credit Union Charleston South Carolina Closed
2012 05/24/2012 Merger With NCUA Assistance C.D. Federal Credit Union Concord California Merged
2019 03/29/2019 Involuntary Liquidation CBS Employees Federal Credit Union Studio City California Closed
2012 09/04/2012 Merger With NCUA Assistance CR Community First Eagle Butte South Dakota Merged
2016 02/05/2016 Involuntary Liquidation CTK Credit Union Milwaukee Wisconsin Closed
2012 05/24/2012 Merger With NCUA Assistance California Pacific Federal Credit Union Concord California Merged
2016 04/05/2016 Involuntary Liquidation Cardozo Lodge Federal Credit Union Bensalem Pennsylvania Closed
2009 02/13/2009 Involuntary Liquidation Center Valley Federal Credit Union Wheeling West Virginia Closed
2010 07/31/2010 Involuntary Liquidation Certified Federal Credit Union Commerce California Closed
2009 01/01/2009 Merger With NCUA Assistance Channel Islands Federal Credit Union Oxnard California Merged
2016 04/05/2016 Involuntary Liquidation Chester Upland School Employees Federal Credit Union Chester Pennsylvania 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
2017 06/23/2017 Conservatorship Citizens Community Credit Union Devils Lake North Dakota Merged
2016 01/13/2016 Conservatorship Clarkston Brandon Community Credit Union Clarkston Michigan Merged
2009 09/25/2009 Involuntary Liquidation Clearstar Financial Credit Union Reno Nevada Closed
2010 01/01/2010 Merger With NCUA Assistance Coastal Waters Federal Credit Union Mobile Alabama Merged
2010 03/01/2010 Merger With NCUA Assistance Community Choice Federal Credit Union Indianapolis Indiana Merged
2009 08/11/2009 Involuntary Liquidation Community One Federal Credit Union Las Vegas Nevada Closed
2016 01/01/2016 Merger With NCUA Assistance Community Trust Federal Credit Union Apopka Florida Merged
2017 04/20/2017 Conservatorship Community United Federal Credit Union Waycross Georgia Merged
2009 09/22/2009 Involuntary Liquidation Comunidades Federal Credit Union Los Angeles California Closed
2010 11/30/2010 Involuntary Liquidation Constitution Corporate Federal Credit Union Wallingford Connecticut Closed
2010 05/17/2010 Involuntary Liquidation Convent Federal Credit Union New York New York Closed
2016 09/01/2016 Merger With NCUA Assistance Cory Methodist Church Credit Union Cleveland Ohio Merged
2016 02/04/2016 Conservatorship Cory Methodist Church Credit Union Cleveland Ohio Merged
2014 10/10/2014 Involuntary Liquidation County & Municipal Employees Credit Union Edinburg Texas Closed
2013 09/06/2013 Involuntary Liquidation Craftsman Credit Union Detroit Michigan Closed
2021 07/01/2021 Involuntary Liquidation Defense Logistics Federal Credit Union Dover New Jersey Closed
2010 09/01/2010 Merger With NCUA Assistance East Central Federal Credit Union N/A N/A Merged
2009 06/30/2009 Merger With NCUA Assistance Eastern Financial Credit Union Miramar Florida Merged
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