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. [1]  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.

[1] 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.

Showing 181 - 240 of 256 Results
Year Date Type Credit Union Name City State Status
2012 06/30/2012 Merger With NCUA Assistance Branch 825 NALC Credit Union Oak Brook Illinois Merged
2013 12/12/2013 Conservatorship Bagumbayan Credit Union Chicago Illinois Closed
2018 03/14/2018 Conservatorship Beverly Bus Garage Federal Credit Union Chicago Illinois Merged
2010 10/31/2010 Involuntary Liquidation Members United Corporate Federal Credit Union Warrenville Illinois Closed
2014 08/31/2014 Merger With NCUA Assistance Macon County School Employees Federal Credit Union Decatur Illinois Merged
2013 12/01/2013 Merger With NCUA Assistance S J H Employees' Credit Union Springfield Illinois Merged
2009 07/01/2009 Merger With NCUA Assistance Electric Workers of #601 Credit Union Champaign Illinois Merged
2017 08/31/2017 Merger With NCUA Assistance MADCO Credit Union Edwardsville Illinois Merged
2017 11/30/2017 Merger With NCUA Assistance Eaton Employees Credit Union Spencer Iowa Merged
2015 08/28/2015 Involuntary Liquidation SCICAP Credit Union Chariton Iowa Closed
2014 09/05/2014 Involuntary Liquidation Louden Depot Community Credit Union Fairfield Iowa Closed
2015 12/29/2015 Involuntary Liquidation First Hawaiian Homes Federal Credit Union Hoolehua Hawaii Closed
2012 01/06/2012 Merger With NCUA Assistance Kunia Federal Credit Union Waipahu Hawaii Merged
2011 05/11/2011 Merger With NCUA Assistance South DeKalb Church Federal Credit Union Decatur Georgia Merged
2020 06/11/2020 Conservatorship Southern Pine Credit Union Valdosta Georgia Released
2017 04/20/2017 Conservatorship Community United Federal Credit Union Waycross Georgia Merged
2010 02/02/2010 Merger With NCUA Assistance Bestwall Brunswick Federal Credit Union Brunswick Georgia Merged
2015 09/24/2015 Involuntary Liquidation SWC Credit Union Tampa Florida Closed
2017 03/17/2017 Involuntary Liquidation Florida Conference AME Church (FCAMEC) Federal Credit Union Tallahassee Florida Closed
2015 03/31/2015 Involuntary Liquidation North Dade Community Development Federal Credit Union Miami Gardens Florida Closed
2016 01/01/2016 Merger With NCUA Assistance Community Trust Federal Credit Union Apopka Florida Merged
2009 04/15/2009 Conservatorship Eastern Financial Federal Credit Union Miramar Florida Merged
2009 09/24/2009 Conservatorship Keys Federal Credit Union Key West Florida Released
2009 06/30/2009 Merger With NCUA Assistance Eastern Financial Credit Union Miramar Florida Merged
2016 11/01/2016 Merger With NCUA Assistance Anchor Seven Federal Credit Union Jacksonville Florida Merged
2016 03/04/2016 Involuntary Liquidation Education Associations Federal Credit Union Washington District of Columbia Closed
2010 11/30/2010 Involuntary Liquidation Constitution Corporate Federal Credit Union Wallingford Connecticut Closed
2010 04/08/2010 Involuntary Liquidation South End Mutual Benefit Association, Inc. Bloomfield Connecticut Closed
2016 08/17/2016 Merger With NCUA Assistance Immanuel Baptist Church Federal Credit Union New Haven Connecticut Merged
2010 07/29/2010 Involuntary Liquidation Norbel Credit Union Fort Collins Colorado Closed
2012 07/27/2012 Conservatorship Trinity Credit Union Trinidad Colorado Merged
2012 03/23/2012 Involuntary Liquidation Saguache County Credit Union Moffat Colorado Closed
2011 07/22/2011 Conservatorship Saguache County Credit Union Moffat Colorado Closed
2010 02/26/2010 Involuntary Liquidation Mutual Diversified Employees Federal Credit Union Santa Ana California Closed
2009 05/06/2009 Merger With NCUA Assistance First American Credit Union Santa Ana California Merged
2009 01/01/2009 Merger With NCUA Assistance Channel Islands Federal Credit Union Oxnard California Merged
2009 08/24/2009 Merger With NCUA Assistance Service Plus Credit Union Riverside California Merged
2013 03/15/2013 Involuntary Liquidation I.C.E. Federal Credit Union Inglewood California Closed
2012 07/06/2012 Involuntary Liquidation Western Bridge Corporate Federal Credit Union San Dimas California Closed
2010 07/31/2010 Involuntary Liquidation Certified Federal Credit Union Commerce California Closed
2010 06/25/2010 Conservatorship Arrowhead Credit Union San Bernardino California Released
2012 05/24/2012 Merger With NCUA Assistance California Pacific Federal Credit Union Concord California Merged
2013 03/15/2013 Involuntary Liquidation Pepsi Cola Federal Credit Union Buena Park California Closed
2010 04/27/2010 Involuntary Liquidation Tracy Federal Credit Union Tracy California Closed
2010 03/19/2010 Conservatorship Tracy Federal Credit Union Tracy California Closed
2010 10/01/2010 Involuntary Liquidation Western Corporate Federal Credit Union San Dimas California Closed
2011 04/08/2011 Involuntary Liquidation Mission San Francisco Federal Credit Union San Francisco California Closed
2009 08/31/2009 Involuntary Liquidation Kaiser Lakeside Credit Union Oakland California Closed
2019 03/29/2019 Involuntary Liquidation CBS Employees Federal Credit Union Studio City California Closed
2012 05/24/2012 Merger With NCUA Assistance C.D. Federal Credit Union Concord California Merged
2012 03/23/2012 Conservatorship Telesis Community Credit Union Chatsworth California Closed
2009 06/18/2009 Involuntary Liquidation High Desert Federal Credit Union Apple Valley California Closed
2012 06/01/2012 Involuntary Liquidation Telesis Community Credit Union Chatsworth California Closed
2010 01/08/2010 Involuntary Liquidation Kern Central Credit Union Bakersfield California 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
2021 11/05/2021 Conservatorship Pomona Postal Federal Credit Union Pomona California Active
2011 02/04/2011 Involuntary Liquidation Oakland Municipal Credit Union Oakland California Closed
2009 10/28/2009 Involuntary Liquidation Second Baptist Church Credit Union Los Angeles California Closed
2009 09/30/2009 Involuntary Liquidation The Members' Own Federal Credit Union Victorville California Closed