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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 61 - 120 of 261 Results
Year Date Type Credit Union Name City State Status
2013 06/30/2013 Merger With NCUA Assistance Zane Trace Federal Credit Union Zanesville Ohio Merged
2013 11/30/2013 Merger With NCUA Assistance Southside Credit Union San Antonio Texas Merged
2013 12/01/2013 Merger With NCUA Assistance S J H Employees' Credit Union Springfield Illinois Merged
2014 03/31/2014 Merger With NCUA Assistance Oldham Family Alliance Federal Credit Union Baltimore Maryland Merged
2014 03/14/2014 Merger With NCUA Assistance Union Settlement Federal Credit Union New York New York Merged
2014 02/28/2014 Merger With NCUA Assistance Jayhawk Federal Credit Union Lawrence Kansas Merged
2014 05/01/2014 Merger With NCUA Assistance Tombstone Federal Credit Union Tombstone Arizona Merged
2014 08/31/2014 Merger With NCUA Assistance Macon County School Employees Federal Credit Union Decatur Illinois Merged
2021 11/05/2021 Conservatorship Pomona Postal Federal Credit Union Pomona California Merged
2022 12/12/2022 Conservatorship Richmond City Employees Federal Credit Union Richmond Indiana Merged
2009 05/06/2009 Merger With NCUA Assistance First American Credit Union Santa Ana California Merged
2017 11/30/2017 Merger With NCUA Assistance Eaton Employees Credit Union Spencer Iowa Merged
2017 11/30/2017 Merger With NCUA Assistance Good Street Baptist Church Federal Credit Union Dallas Texas Merged
2019 04/23/2019 Conservatorship Mid East Tennessee Community Credit Union Decatur Tennessee Merged
2009 10/23/2009 Conservatorship First Delta Federal Credit Union Marks Mississippi Merged
2009 07/22/2009 Conservatorship New Hope Community Development Federal Credit Union Birmingham Alabama Merged
2009 04/15/2009 Conservatorship Eastern Financial Federal Credit Union Miramar Florida Merged
2017 06/23/2017 Conservatorship Citizens Community Credit Union Devils Lake North Dakota Merged
2023 04/03/2023 Involuntary Liquidation Richmond City Employees Federal Credit Union Richmond Indiana Merged
2010 09/01/2010 Merger With NCUA Assistance East Central Federal Credit Union N/A N/A Merged
2022 01/03/2022 Involuntary Liquidation Pomona Postal Federal Credit Union Pomona California Merged
2023 07/28/2023 Conservatorship Yonkers Postal Employees Credit Union Yonkers New York Merged
2009 02/13/2009 Involuntary Liquidation Center Valley Federal Credit Union Wheeling West Virginia Closed
2019 03/29/2019 Involuntary Liquidation CBS Employees Federal Credit Union Studio City California Closed
2013 05/16/2013 Conservatorship First Kingdom Community Federal Credit Union Selma Alabama Closed
2010 10/31/2010 Involuntary Liquidation Southwest Corporate Federal Credit Union Plano Texas Closed
2010 10/31/2010 Involuntary Liquidation Members United Corporate Federal Credit Union Warrenville Illinois Closed
2010 07/30/2010 Conservatorship Family First Federal Credit Union Orem Utah Closed
2010 03/23/2010 Conservatorship St. Paul's Croatian Federal Credit Union Eastlake Ohio Closed
2010 03/19/2010 Conservatorship Tracy Federal Credit Union Tracy California Closed
2011 12/19/2011 Involuntary Liquidation Birmingham Financial Federal Credit Union Birmingham Alabama Closed
2011 04/15/2011 Conservatorship Vensure Federal Credit Union Mesa Arizona Closed
2011 05/04/2011 Conservatorship Valued Members Federal Credit Union Jackson Mississippi Closed
2011 05/04/2011 Conservatorship Hmong American Federal Credit Union St. Paul Minnesota Closed
2011 06/10/2011 Conservatorship BCT Federal Credit Union Binghamton New York Closed
2011 06/24/2011 Conservatorship Borinquen Federal Credit Union Philadelphia Pennsylvania Closed
2011 07/22/2011 Conservatorship Saguache County Credit Union Moffat Colorado Closed
2011 09/23/2011 Conservatorship Chetco Federal Credit Union Harbor Oregon Closed
2011 10/27/2011 Conservatorship Birmingham Financial Federal Credit Union Birmingham Alabama Closed
2012 12/31/2012 Involuntary Liquidation Chetco Federal Credit Union Harbor Oregon Closed
2010 02/25/2010 Involuntary Liquidation Friendship Community Federal Credit Union Clarksdale Mississippi Closed
2010 02/26/2010 Involuntary Liquidation Mutual Diversified Employees Federal Credit Union Santa Ana California Closed
2010 03/05/2010 Involuntary Liquidation Lawrence County School Employees Federal Credit Union New Castle Pennsylvania Closed
2010 04/08/2010 Involuntary Liquidation South End Mutual Benefit Association, Inc. Bloomfield Connecticut Closed
2010 04/27/2010 Involuntary Liquidation Tracy Federal Credit Union Tracy California Closed
2010 04/30/2010 Involuntary Liquidation St. Paul's Croatian Federal Credit Union Eastlake Ohio Closed
2010 05/17/2010 Involuntary Liquidation Convent Federal Credit Union New York New York Closed
2010 06/09/2010 Involuntary Liquidation Orange County Employees Credit Union Orange Texas Closed
2010 06/30/2010 Involuntary Liquidation Southwest Community Federal Credit Union Saint George Utah Closed
2010 07/29/2010 Involuntary Liquidation Norbel Credit Union Fort Collins Colorado Closed
2012 12/17/2012 Involuntary Liquidation Olean Federal Credit Union Olean New York Closed
2012 12/13/2012 Involuntary Liquidation G.I.C. Federal Credit Union Euclid Ohio Closed
2012 11/30/2012 Involuntary Liquidation Border Lodge Credit Union Derby Vermont Closed
2012 10/31/2012 Involuntary Liquidation Women’s Southwest Federal Credit Union Dallas Texas Closed
2012 09/28/2012 Involuntary Liquidation El Paso's Federal Credit Union El Paso Texas Closed
2012 08/09/2012 Involuntary Liquidation United Catholic Credit Union Temperance Michigan Closed
2012 08/01/2012 Involuntary Liquidation A M Community Credit Union Kenosha Wisconsin Closed
2012 06/01/2012 Involuntary Liquidation Telesis Community Credit Union Chatsworth California Closed
2012 05/18/2012 Involuntary Liquidation Wausau Postal Employees Credit Union Wausau Wisconsin Closed
2012 03/26/2012 Involuntary Liquidation Shepherd's Federal Credit Union Charlotte North Carolina Closed