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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 241 - 260 of 260 Results
Year Date Type Credit Union Name City State Status
2021 11/05/2021 Conservatorship Pomona Postal Federal Credit Union Pomona California Merged
2010 10/01/2010 Involuntary Liquidation Western Corporate Federal Credit Union San Dimas California Closed
2009 05/06/2009 Merger With NCUA Assistance First American Credit Union Santa Ana California Merged
2022 01/03/2022 Involuntary Liquidation Pomona Postal Federal Credit Union Pomona California Merged
2010 12/17/2010 Conservatorship AEA Federal Credit Union Yuma Arizona Released
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
2014 05/01/2014 Merger With NCUA Assistance Tombstone Federal Credit Union Tombstone Arizona Merged
2010 01/06/2010 Merger With NCUA Assistance Phillips County Self-Help Federal Credit Union Helena Arkansas Merged
2013 05/16/2013 Conservatorship First Kingdom Community Federal Credit Union Selma Alabama Closed
2017 10/31/2017 Merger With NCUA Assistance Tri-Rivers Federal Credit Union Montgomery Alabama Merged
2010 04/30/2010 Merger With NCUA Assistance A.L. Bratcher Federal Credit Union Bessemer Alabama Merged
2010 01/01/2010 Merger With NCUA Assistance Coastal Waters Federal Credit Union Mobile Alabama 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
2013 05/31/2013 Voluntary Liquidation First Kingdom Community Federal Credit Union Selma Alabama Closed
2017 06/22/2017 Conservatorship Riverdale Credit Union Selma Alabama Closed
2017 12/04/2017 Involuntary Liquidation Riverdale Credit Union Selma Alabama Closed
2009 07/22/2009 Conservatorship New Hope Community Development Federal Credit Union Birmingham Alabama Merged
2010 09/01/2010 Merger With NCUA Assistance East Central Federal Credit Union N/A N/A Merged
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