Failed Bank Report: Credit Unions closed by the NCUA

Find a lost CD, IRA, savings or checking account at a closed credit union

NCUA Insurance Credit Union Failures - insured accounts unclaimed

NCUA Failed Credit Unions - Claim missing bank savings accounts

Depositor Alert

NCUA Insured Deposits Unclaimed





Closed Credit Union Search

The National Credit Union Administration (NCUA) supervises and insures over 7,329 federal credit unions and 4,538 state-chartered credit unions.

When a federally-insured credit union is liquidated, NCUA's Asset Liquidation Management Center - not the FDIC - assumes responsibility for paying share accounts to members. NCUSIF, The National Credit Union Share Insurance Fund, currently insures member deposits up to a $250,000 * limit.

Since 1990, more than $331 million has been paid out to well over 100,000 shareholders. In 2011, fifteen credit unions were liquidated, purchased or assumed with NCUA assistance; down from nineteen in 2010 equal to the fifteen closed in 2009.

Be advised that not every depositor with funds in a failed bank will receive notification from the NCUA; and there are time limits on claims.

Accounts claimed within an 18-month insurance period are paid the full insured amount. After the 18-month insurance period, unclaimed shares are considered uninsured and are written down to subsidize any losses incurred by the NCUA.


2011 credit union closures

Oakland Municipal Credit Union California
Family First Federal Credit Union  Utah
NYC OTB Federal Credit Union  New York
Wisconsin Heights Credit Union  Wisconsin
Land of Enchantment Federal Credit Union New Mexico
Mission San Francisco Federal Credit Union  California
Utah Central Federal Credit Union Utah
Hmong American Federal Credit Union Minnesota
Valued Members Federal Credit Union Mississippi
St. James A.M.E. Federal Credit Union New Jersey
Borinquen Federal Credit Union Pennsylvania
Vensure Federal Credit Union Arizona

2010 credit union closures
 

For assistance finding and claiming a lost or dormant credit union CD, IRA, safe deposit box, savings or checking account go to Credit Union Account Search

Different rules apply to accounts at banks that have been closed by the FDIC. Go to: Bank Account Search

* The Emergency Economic Stabilization Act of 2008 temporarily increased FDIC and NCUA deposit insurance to $250,000 from October 3, 2008, through December 31, 2009; but the change has now been made permanent and retroactive by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.


 
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