Sometimes, despite the best efforts its staff and management or NCUA, a credit union fails. For the credit union’s members this prospect can be unsettling, to the say the least.
When a credit union does fail, NCUA works to minimize the impact of the failure on the credit union’s members and the entire credit union system.
NCUA’s Asset Management and Assistance Center conducts credit union liquidations and performs asset management and recovery. The staff also participates extensively in the operational phases of a failed credit union’s conservatorship and assists with record reconstruction.
Thanks to these efforts, credit union members have never lost a penny of insured savings a federal insured credit union. All verified shares are paid out within five days of a credit union’s closure.
Find up-to-date information on recently closed, merged, conserved or liquidated credit unions.
Loans for Sale
AMAC periodically conducts bulk loan sales. If you would like to be added to our bidder list, please contact firstname.lastname@example.org. For information on listings please contact us.
Other Assets for Sale
The following assets are for sale:
- OptiPlex 780 (2) $300 each – in box
- Precision T 3500 $850 – in box
- 22 inch flat screen monitors (7) $150 each – in box
- 10 keyboards (101) $40 for all – in box or $5 each
- Hitachi DVD-CAM with Battery $70, in box
Asset Management and Assistance Center
4807 Spicewood Springs Road, Suite 5100