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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 1 - 60 of 260 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
2023 07/28/2023 Conservatorship Yonkers Postal Employees Credit Union Yonkers New York Merged
2012 10/31/2012 Involuntary Liquidation Women’s Southwest Federal Credit Union Dallas Texas Closed
2011 03/04/2011 Involuntary Liquidation Wisconsin Heights Credit Union Ogema Wisconsin Closed
2010 10/01/2010 Involuntary Liquidation Western Corporate Federal Credit Union San Dimas California Closed
2012 07/06/2012 Involuntary Liquidation Western Bridge Corporate Federal Credit Union San Dimas California Closed
2009 09/30/2009 Involuntary Liquidation West Texas Credit Union El Paso Texas Closed
2012 05/18/2012 Involuntary Liquidation Wausau Postal Employees Credit Union Wausau Wisconsin Closed
2009 07/06/2009 Involuntary Liquidation Watts United Credit Union Los Angeles California Closed
2016 03/29/2016 Involuntary Liquidation Veterans Health Administration Credit Union Detroit Michigan Closed
2011 04/15/2011 Conservatorship Vensure Federal Credit Union Mesa Arizona Closed
2011 07/11/2011 Involuntary Liquidation Vensure Federal Credit Union Mesa Arizona Closed
2023 01/20/2023 Conservatorship Valwood Park Federal Credit Union Carrollton Texas Active
2011 05/04/2011 Conservatorship Valued Members Federal Credit Union Jackson Mississippi Closed
2011 05/31/2011 Involuntary Liquidation Valued Members Federal Credit Union Jackson Mississippi Closed
2017 03/31/2017 Involuntary Liquidation Valley State Credit Union Saginaw Michigan Closed
2016 11/09/2016 Conservatorship Valley State Credit Union Saginaw Michigan Closed
2011 04/29/2011 Involuntary Liquidation Utah Central Credit Union Salt Lake City Utah Closed
2012 08/09/2012 Involuntary Liquidation United Catholic Credit Union Temperance Michigan Closed
2014 03/14/2014 Merger With NCUA Assistance Union Settlement Federal Credit Union New York New York Merged
2018 02/23/2018 Conservatorship Ukrainian Future Credit Union Warren Michigan Merged
2010 10/01/2010 Involuntary Liquidation U.S. Central Federal Credit Union Lenexa Kansas Closed
2012 10/29/2012 Involuntary Liquidation U.S. Central Bridge Corporate Federal Credit Union Lenexa Kansas Closed
2012 07/27/2012 Conservatorship Trinity Credit Union Trinidad Colorado Merged
2016 04/05/2016 Involuntary Liquidation Triangle Interests % Service Center Federal Credit Union Bensalem Pennsylvania Closed
2017 10/31/2017 Merger With NCUA Assistance Tri-Rivers Federal Credit Union Montgomery Alabama Merged
2015 07/10/2015 Involuntary Liquidation Trailblazer Federal Credit Union Washington Pennsylvania Closed
2010 03/19/2010 Conservatorship Tracy Federal Credit Union Tracy California Closed
2010 04/27/2010 Involuntary Liquidation Tracy Federal Credit Union Tracy California Closed
2014 05/01/2014 Merger With NCUA Assistance Tombstone Federal Credit Union Tombstone Arizona Merged
2010 10/29/2010 Involuntary Liquidation The Union Credit Union Spokane Washington Closed
2009 09/30/2009 Involuntary Liquidation The Members' Own Federal Credit Union Victorville California Closed
2011 04/15/2011 Conservatorship Texans Credit Union Richardson Texas Released
2012 06/01/2012 Involuntary Liquidation Telesis Community Credit Union Chatsworth California Closed
2012 03/23/2012 Conservatorship Telesis Community Credit Union Chatsworth California Closed
2013 07/15/2013 Involuntary Liquidation Taupa Lithuanian Credit Union Cleveland Ohio Closed
2010 08/31/2010 Merger With NCUA Assistance Table Rock Federal Credit Union Shell Knob Missouri Merged
2015 04/30/2015 Involuntary Liquidation TLC Federal Credit Union Tillamook Oregon Closed
2010 03/23/2010 Conservatorship St. Paul's Croatian Federal Credit Union Eastlake Ohio Closed
2010 04/30/2010 Involuntary Liquidation St. Paul's Croatian Federal Credit Union Eastlake Ohio Closed
2011 06/24/2011 Involuntary Liquidation St. James A.M.E. Federal Credit Union Newark New Jersey Closed
2014 02/14/2014 Involuntary Liquidation St. Francis Campus Credit Union Little Falls Minnesota Closed
2018 01/30/2018 Involuntary Liquidation St. Elizabeth’s Credit Union Chicago Illinois Closed
2010 10/31/2010 Involuntary Liquidation Southwest Corporate Federal Credit Union Plano Texas Closed
2010 06/30/2010 Involuntary Liquidation Southwest Community Federal Credit Union Saint George Utah Closed
2013 11/30/2013 Merger With NCUA Assistance Southside Credit Union San Antonio Texas Merged
2020 06/11/2020 Conservatorship Southern Pine Credit Union Valdosta Georgia Released
2010 04/08/2010 Involuntary Liquidation South End Mutual Benefit Association, Inc. Bloomfield Connecticut Closed
2011 05/11/2011 Merger With NCUA Assistance South DeKalb Church Federal Credit Union Decatur Georgia Merged
2017 04/13/2017 Conservatorship Shreveport Federal Credit Union Shreveport Louisiana Closed
2017 10/02/2017 Involuntary Liquidation Shreveport Federal Credit Union Shreveport Louisiana Closed
2013 04/12/2013 Involuntary Liquidation Shiloh of Alexandria Federal Credit Union Alexandria Virginia Closed
2012 03/26/2012 Involuntary Liquidation Shepherd's Federal Credit Union Charlotte North Carolina Closed
2009 08/24/2009 Merger With NCUA Assistance Service Plus Credit Union Riverside California Merged
2016 04/05/2016 Involuntary Liquidation Servco Federal Credit Union Bensalem Pennsylvania Closed
2009 10/28/2009 Involuntary Liquidation Second Baptist Church Credit Union Los Angeles California Closed
2011 07/22/2011 Conservatorship Saguache County Credit Union Moffat Colorado Closed
2012 03/23/2012 Involuntary Liquidation Saguache County Credit Union Moffat Colorado Closed
2015 09/24/2015 Involuntary Liquidation SWC Credit Union Tampa Florida Closed
2015 08/28/2015 Involuntary Liquidation SCICAP Credit Union Chariton Iowa Closed
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