Free Choice Federal Credit Union Closes | National Credit Union Administration

August 2009

Free Choice Federal Credit Union Closes

Free Choice Federal Credit Union Liquidated Members Now Served by Trumark Financial Credit Union

ALEXANDRIA, Va. (August 28, 2009) – The National Credit Union Administration (NCUA) today liquidated Free Choice Federal Credit Union (Free Choice) in Feasterville, Pennsylvania. Its members’ share accounts were purchased and assumed by Trumark Financial Credit Union of Trevose, Pennsylvania, providing Free Choice members with uninterrupted credit union service.

Chartered in 1955, liquidated Free Choice had assets of more than $326,000, and it served over 400 members from 20 select groups.

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 account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov (opens new window), NCUA also educates the public on consumer protection and financial literacy issues.

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