Skip to main content
United States flag An official website of the United States government
Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

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 260 Results
Year Date Type Credit Union Name City State Status
2012 03/23/2012 Involuntary Liquidation Saguache County Credit Union Moffat Colorado Closed
2013 07/01/2013 Involuntary Liquidation PEF Federal Credit Union Highland Heights Ohio Closed
2013 07/15/2013 Involuntary Liquidation Taupa Lithuanian Credit Union Cleveland Ohio Closed
2013 09/06/2013 Involuntary Liquidation Craftsman Credit Union Detroit Michigan Closed
2013 11/22/2013 Involuntary Liquidation Polish Combatants Credit Union Bedford Ohio Closed
2013 02/08/2013 Conservatorship NCP Community Development Federal Credit Union Norfolk Virginia Closed
2013 06/21/2013 Conservatorship PEF Federal Credit Union Highland Heights Ohio Closed
2013 11/01/2013 Conservatorship Mayfair Federal Credit Union Philadelphia Pennsylvania Closed
2013 12/12/2013 Conservatorship Bagumbayan Credit Union Chicago Illinois Closed
2013 05/31/2013 Voluntary Liquidation First Kingdom Community Federal Credit Union Selma Alabama Closed
2009 05/15/2009 Involuntary Liquidation Rouge Employees Credit Union Dearborn Michigan Closed
2009 06/18/2009 Involuntary Liquidation High Desert Federal Credit Union Apple Valley California Closed
2009 07/06/2009 Involuntary Liquidation Watts United Credit Union Los Angeles California Closed
2009 08/11/2009 Involuntary Liquidation Community One Federal Credit Union Las Vegas Nevada Closed
2009 08/28/2009 Involuntary Liquidation Free Choice Federal Credit Union Feasterville Pennsylvania Closed
2009 08/31/2009 Involuntary Liquidation Kaiser Lakeside Credit Union Oakland California Closed
2009 09/22/2009 Involuntary Liquidation Comunidades Federal Credit Union Los Angeles California Closed
2009 09/25/2009 Involuntary Liquidation Clearstar Financial Credit Union Reno Nevada Closed
2009 09/30/2009 Involuntary Liquidation The Members' Own Federal Credit Union Victorville California Closed
2009 09/30/2009 Involuntary Liquidation West Texas Credit Union El Paso Texas Closed
2009 10/28/2009 Involuntary Liquidation Second Baptist Church Credit Union Los Angeles California Closed
2009 11/13/2009 Involuntary Liquidation Ensign Federal Credit Union Henderson Nevada Closed
2009 11/30/2009 Involuntary Liquidation Fairfield County Ohio Federal Employees Federal Credit Union Lancaster Ohio Closed
2009 12/31/2009 Involuntary Liquidation HeritageWest Federal Credit Union Tooele Utah Closed
2010 01/08/2010 Involuntary Liquidation Kern Central Credit Union Bakersfield California Closed
2013 01/07/2013 Involuntary Liquidation New Covenant Missionary Baptist Church Credit Union Milwaukee Wisconsin Closed
2013 02/19/2013 Involuntary Liquidation Amez United Credit Union Detroit Michigan Closed
2013 03/15/2013 Involuntary Liquidation I.C.E. Federal Credit Union Inglewood California Closed
2013 03/15/2013 Involuntary Liquidation Pepsi Cola Federal Credit Union Buena Park California Closed
2013 04/12/2013 Involuntary Liquidation Shiloh of Alexandria Federal Credit Union Alexandria Virginia Closed
2013 05/03/2013 Involuntary Liquidation Lynrocten Federal Credit Union Lynchburg Virginia Closed
2013 05/23/2013 Involuntary Liquidation Electrical Workers #527 Federal Credit Union Texas City Texas Closed
2013 05/31/2013 Involuntary Liquidation NCP Community Development Federal Credit Union Norfolk Virginia Closed
2013 06/28/2013 Involuntary Liquidation Ochsner Clinic Federal Credit Union New Orleans Louisiana Closed
2010 07/31/2010 Involuntary Liquidation Certified Federal Credit Union Commerce California Closed
2010 08/03/2010 Involuntary Liquidation Kappa Alpha Psi Addison Texas Closed
2010 08/31/2010 Involuntary Liquidation First American Credit Union Beloit Wisconsin Closed
2010 09/13/2010 Involuntary Liquidation Industries Puerto Rico Federal Credit Union Manati Puerto Rico Closed
2010 10/18/2010 Involuntary Liquidation Phil-Pet Federal Credit Union Pampa Texas Closed
2010 10/29/2010 Involuntary Liquidation The Union Credit Union Spokane Washington Closed
2010 11/30/2010 Involuntary Liquidation Constitution Corporate Federal Credit Union Wallingford Connecticut Closed
2010 12/14/2010 Involuntary Liquidation Beehive Credit Union Salt Lake City Utah Closed
2011 02/04/2011 Involuntary Liquidation Oakland Municipal Credit Union Oakland California Closed
2011 02/15/2011 Involuntary Liquidation Family First Federal Credit Union Orem Utah Closed
2012 02/19/2012 Involuntary Liquidation People for People Community Development Credit Union (CDCU) Philadelphia Pennsylvania Closed
2012 01/27/2012 Involuntary Liquidation Eastern New York Federal Credit Union Napanoch New York Closed
2012 03/23/2012 Conservatorship Telesis Community Credit Union Chatsworth California Closed
2012 02/17/2012 Conservatorship A M Community Credit Union Kenosha Wisconsin Closed
2012 01/06/2012 Conservatorship People for People Community Development Credit Union (CDCU) Philadelphia Pennsylvania Closed
2012 10/29/2012 Involuntary Liquidation U.S. Central Bridge Corporate Federal Credit Union Lenexa Kansas Closed
2012 07/06/2012 Involuntary Liquidation Western Bridge Corporate Federal Credit Union San Dimas California Closed
2011 02/23/2011 Involuntary Liquidation NYC OTB Federal Credit Union New York New York Closed
2011 03/04/2011 Involuntary Liquidation Wisconsin Heights Credit Union Ogema Wisconsin Closed
2011 03/07/2011 Involuntary Liquidation Land of Enchantment Federal Credit Union Santa Fe New Mexico Closed
2011 04/08/2011 Involuntary Liquidation Mission San Francisco Federal Credit Union San Francisco California Closed
2011 04/29/2011 Involuntary Liquidation Utah Central Credit Union Salt Lake City Utah Closed
2011 05/18/2011 Involuntary Liquidation Hmong American Federal Credit Union St. Paul Minnesota Closed
2011 05/31/2011 Involuntary Liquidation Valued Members Federal Credit Union Jackson Mississippi Closed
2011 06/24/2011 Involuntary Liquidation St. James A.M.E. Federal Credit Union Newark New Jersey Closed
2011 07/08/2011 Involuntary Liquidation Borinquen Federal Credit Union Philadelphia Pennsylvania Closed