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I.C.E. Federal Credit Union Closes

​Member Deposits Protected up to $250,000; Consumer Service Hotline Open

ALEXANDRIA, Va. (March 15, 2013) – The National Credit Union Administration (NCUA) today liquidated I.C.E. Federal Credit Union of Inglewood, Calif. NCUA made the decision to liquidate I.C.E. Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA’s Asset Management and Assistance Center will issue correspondence to individuals holding verified share accounts in the credit union within one week.

Members with additional questions about their insurance coverage may contact NCUA’s Consumer Assistance Center toll free at 800-755-1030. The Center answers calls Monday through Friday between 5 a.m. and 2 p.m. Pacific. Individuals may also visit the website at any time for more information about their insurance coverage.

I.C.E. Federal Credit Union served 942 members and had assets of approximately $3.4 million, according to the credit union’s most recent Call Report. Chartered in 1939, I.C.E. Federal Credit Union served employees of the City of Inglewood and their immediate family members.

I.C.E. Federal Credit Union is the third federally insured credit union liquidation in 2013.


NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 101 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.


National Credit Union Administration

Office of Public & Congressional Affairs



John Fairbanks
Office: 703.518.6336
Mobile: 571.438.0801

Ben C. Hardaway
Office: 703.518.6333
Mobile: 703.298.5223

Kenzie Snowden
Office: 703.518.6334

"Protecting credit unions and the consumers who own them through effective regulation"