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. [1]  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.

[1] 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.

Showing 1 - 60 of 255 Results
Year Date Type Credit Union Name City State Status
2010 12/17/2010 Conservatorship AEA Federal Credit Union Yuma Arizona Released
2010 06/25/2010 Conservatorship Arrowhead Credit Union San Bernardino California Released
2009 09/24/2009 Conservatorship Keys Federal Credit Union Key West Florida Released
2019 05/17/2019 Conservatorship Municipal Credit Union New York New York Released
2011 04/15/2011 Conservatorship Texans Credit Union Richardson Texas Released
2020 06/11/2020 Conservatorship Southern Pine Credit Union Valdosta Georgia Released
2015 10/01/2015 Merger With NCUA Assistance Northwest Baptist Credit Union Seattle Washington Merged
2014 05/01/2014 Merger With NCUA Assistance Tombstone Federal Credit Union Tombstone Arizona Merged
2009 01/01/2009 Merger With NCUA Assistance Channel Islands Federal Credit Union Oxnard California Merged
2017 11/30/2017 Merger With NCUA Assistance Good Street Baptist Church Federal Credit Union Dallas Texas Merged
2017 11/30/2017 Merger With NCUA Assistance Eaton Employees Credit Union Spencer Iowa Merged
2016 09/01/2016 Merger With NCUA Assistance Cory Methodist Church Credit Union Cleveland Ohio Merged
2009 07/22/2009 Conservatorship New Hope Community Development Federal Credit Union Birmingham Alabama Merged
2010 06/30/2010 Merger With NCUA Assistance First Delta Federal Credit Union Marks Mississippi Merged
2017 06/23/2017 Conservatorship Citizens Community Credit Union Devils Lake North Dakota Merged
2009 08/24/2009 Merger With NCUA Assistance Service Plus Credit Union Riverside California Merged
2012 01/06/2012 Merger With NCUA Assistance Kunia Federal Credit Union Waipahu Hawaii Merged
2018 02/23/2018 Conservatorship Ukrainian Future Credit Union Warren Michigan Merged
2013 11/30/2013 Merger With NCUA Assistance Southside Credit Union San Antonio Texas Merged
2012 07/27/2012 Conservatorship Trinity Credit Union Trinidad Colorado Merged
2009 03/31/2009 Merger With NCUA Assistance Fort Snelling Federal Credit Union Minneapolis Minnesota Merged
2009 06/10/2009 Merger With NCUA Assistance Norwood School Employees Federal Credit Union Norwood Massachusetts Merged
2014 02/28/2014 Merger With NCUA Assistance Jayhawk Federal Credit Union Lawrence Kansas Merged
2013 06/30/2013 Merger With NCUA Assistance Zane Trace Federal Credit Union Zanesville Ohio Merged
2012 05/24/2012 Merger With NCUA Assistance California Pacific Federal Credit Union Concord California Merged
2010 01/01/2010 Merger With NCUA Assistance Coastal Waters Federal Credit Union Mobile Alabama Merged
2012 09/04/2012 Merger With NCUA Assistance CR Community First Eagle Butte South Dakota Merged
2009 12/17/2009 Merger With NCUA Assistance First Service Credit Union Milwaukee Wisconsin Merged
2009 05/06/2009 Merger With NCUA Assistance First American Credit Union Santa Ana California Merged
2016 01/01/2016 Merger With NCUA Assistance Community Trust Federal Credit Union Apopka Florida Merged
2014 03/14/2014 Merger With NCUA Assistance Union Settlement Federal Credit Union New York New York Merged
2012 11/16/2012 Merger With NCUA Assistance El Barrio Federal Credit Union New York New York Merged
2019 04/23/2019 Conservatorship Mid East Tennessee Community Credit Union Decatur Tennessee Merged
2009 04/15/2009 Conservatorship Eastern Financial Federal Credit Union Miramar Florida Merged
2010 04/30/2010 Merger With NCUA Assistance A.L. Bratcher Federal Credit Union Bessemer Alabama Merged
2010 08/31/2010 Merger With NCUA Assistance Table Rock Federal Credit Union Shell Knob Missouri Merged
2012 06/30/2012 Merger With NCUA Assistance Branch 825 NALC Credit Union Oak Brook Illinois Merged
2015 09/30/2015 Merger With NCUA Assistance Quemado Federal Credit Union Quemado Texas Merged
2015 07/01/2015 Merger With NCUA Assistance Kolmar NY Employees Federal Credit Union Port Jervis New York Merged
2011 05/11/2011 Merger With NCUA Assistance South DeKalb Church Federal Credit Union Decatur Georgia Merged
2015 04/23/2015 Conservatorship Montgomery County Credit Union Dayton Ohio Merged
2009 10/23/2009 Conservatorship First Delta Federal Credit Union Marks Mississippi Merged
2010 05/01/2010 Merger With NCUA Assistance Liberty Alliance Federal Credit Union Lexington Kentucky Merged
2015 07/01/2015 Merger With NCUA Assistance 65 Family Federal Credit Union New York New York Merged
2013 12/01/2013 Merger With NCUA Assistance S J H Employees' Credit Union Springfield Illinois Merged
2011 02/17/2011 Conservatorship Greensburg Community Federal Credit Union Greensburg Pennsylvania Merged
2018 10/01/2018 Merger With NCUA Assistance Bay Ridge Federal Credit Union Brooklyn New York Merged
2009 12/31/2009 Merger With NCUA Assistance GCM Federal Credit Union St. Paul Minnesota Merged
2018 03/14/2018 Conservatorship Beverly Bus Garage Federal Credit Union Chicago Illinois Merged
2015 09/18/2015 Conservatorship Montauk Credit Union New York New York Merged
2014 08/31/2014 Merger With NCUA Assistance Macon County School Employees Federal Credit Union Decatur Illinois Merged
2010 03/01/2010 Merger With NCUA Assistance Community Choice Federal Credit Union Indianapolis Indiana Merged
2010 09/01/2010 Merger With NCUA Assistance Est Central Federal Credit Union N/A N/A Merged
2017 10/31/2017 Merger With NCUA Assistance Tri-Rivers Federal Credit Union Montgomery Alabama Merged
2012 02/26/2012 Merger With NCUA Assistance H.B.E. Credit Union Seward Nebraska Merged
2009 01/01/2009 Merger With NCUA Assistance Bishop De Mazenod Federal Credit Union Houston Texas Merged
2017 07/31/2017 Merger With NCUA Assistance Love Gospel Assembly Federal Credit Union Bronx New York Merged
2016 01/13/2016 Conservatorship Clarkston Brandon Community Credit Union Clarkston Michigan Merged
2015 02/01/2015 Merger With NCUA Assistance New Mexico Correctional Employees Federal Credit Union Santa Fe New Mexico Merged
2012 05/24/2012 Merger With NCUA Assistance C.D. Federal Credit Union Concord California Merged
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