2012-2023 List Of Failed Credit Unions | Bankrate (2024)

Inter-American Federal Credit Union, Brooklyn, NY03/08/2023ClosedO. F. Toalston Federal Credit Union, Logan, WV11/15/2022ClosedMingo County Education Federal Credit Union, Williamson, WV11/15/2022ClosedPaducah Teachers Federal Credit Union, Paducah, KY09/30/2022ClosedEmpire Financial Federal Credit Union, New York, NY03/04/2022ClosedPortsmouth Schools Federal Credit Union, Portsmouth, VA12/30/2021ClosedC O Federal Credit Union, Charleston, SC09/17/2021ClosedDefense Logistics Federal Credit Union, Dover, NJ07/01/2021ClosedIndianapolis Newspaper Federal Credit Union, Indianapolis, IN03/31/2021ClosedIBEW Local Union 712 Federal Credit Union, Beaver, PA05/29/2020ClosedCBS Employees Federal Credit Union, Studio City, CA03/29/2019ClosedRadio, Television and Communication Federal Credit Union, Staten Island, NY10/12/2018ClosedLOMTO Federal Credit Union, Woodside, NY09/30/2018ClosedMelrose Credit Union, Briarwood, NY08/31/2018ClosedGreater Christ Baptist Church Credit Union, Detroit07/31/2018ClosedLouisville Metro Police Officers Credit Union, Louisville, Kentucky06/29/2018ClosedFirst Jersey Credit Union, Wayne, NJ02/28/2018ClosedSt. Elizabeth’s Credit Union, Chicago01/30/2018ClosedRiverdale Credit Union, Selma, AL12/04/2017ClosedNew York State Employees Federal Credit Union, NY10/27/2017ClosedShreveport Federal Credit Union, Shreveport, LA10/02/2017ClosedValley State Credit Union, Saginaw, MI03/31/2017ClosedFlorida Conference AME Church (FCAMEC) Federal Credit Union, Tallahassee, FL03/17/2017ClosedFirst African Baptist Church Federal Credit Union, Sharon Hill, PA11/29/2016ClosedServco Federal Credit Union, Bensalem, PA04/05/2016ClosedCardozo Lodge Federal Credit Union, Bensalem, PA04/05/2016ClosedChester Upland School Employees Federal Credit Union, Chester, PA04/05/2016ClosedTriangle Interests % Service Center Federal Credit Union, Bensalem, PA04/05/2016ClosedElectrical Inspectors Federal Credit Union, Bensalem, PA04/05/2016ClosedO P S EMP Federal Credit Union, Bensalem, PA04/05/2016ClosedVeterans Health Administration Credit Union, Detroit03/29/2016ClosedEducation Associations Federal Credit Union, Washington, DC03/04/2016ClosedMildred Mitchell-Bateman Hospital Federal Credit Union, Huntington, WV02/24/2016ClosedCTK Credit Union, Milwaukee02/05/2016ClosedFirst Hawaiian Homes Federal Credit Union, Hoolehua, HI12/29/2015ClosedBethex Federal Credit Union, Bronx, New York12/18/2015ClosedGreater Abyssinia Federal Credit Union, Cleveland12/01/2015ClosedHelping Other People Excel Federal Credit Union, Jackson, NJ11/20/2015ClosedSWC Credit Union, Tampa, FL09/24/2015ClosedSCICAP Credit Union, Chariton, IA08/28/2015ClosedLakeside Federal Credit Union, Hammond, IN07/16/2015ClosedTrailblazer Federal Credit Union, Washington, PA07/10/2015ClosedTLC Federal Credit Union, Tillamook, OR04/30/2015ClosedNorth Dade Community Development Federal Credit Union, Miami Gardens, FL03/31/2015ClosedAmerican Bakery Workers Federal Credit Union, Philadelphia01/30/2015ClosedHealth One Credit Union, Detroit12/12/2014ClosedMetropolitan Church of God Credit Union, Detroit12/03/2014ClosedCounty & Municipal Employees Credit Union, Edinburg, TX10/10/2014ClosedRepublic Hose Employees Federal Credit Union, Youngstown, OH09/30/2014ClosedLouden Depot Community Credit Union, Fairfield, IA09/05/2014ClosedIBEW Local 816 Federal Credit Union, Paducah, KY07/10/2014ClosedLife Line Credit Union, Richmond, VA05/23/2014ClosedMayfair Federal Credit Union, Philadelphia03/31/2014ClosedParsons Pittsburg Credit Union, Parsons, KA03/21/2014ClosedSt. Francis Campus Credit Union, Little Falls, MI02/14/2014ClosedPolish Combatants Credit Union, Bedford, OH11/22/2013ClosedCraftsman Credit Union, Detroit09/06/2013ClosedTaupa Lithuanian Credit Union, Cleveland. OH07/15/2013ClosedPEF Federal Credit Union, Highland Heights, OH07/01/2013ClosedOchsner Clinic Federal Credit Union, New Orleans06/28/2013ClosedNCP Community Development Federal Credit Union, Norfolk, VA05/31/2013ClosedElectrical Workers #527 Federal Credit Union, Texas City, TX05/23/2013ClosedLynrocten Federal Credit Union, Lynchburg, VA05/03/2013ClosedShiloh of Alexandria Federal Credit Union, Alexandria, VA04/12/2013ClosedI.C.E. Federal Credit Union, Inglewood, CA03/15/2013ClosedPepsi Cola Federal Credit Union, Buena Park, CA03/15/2013ClosedAmez United Credit Union, Detroit02/19/2013ClosedNew Covenant Missionary Baptist Church Credit Union, Milwaukee01/07/2013ClosedChetco Federal Credit Union, Harbor, OR12/31/2012ClosedOlean Federal Credit Union, Olean, NY12/17/2012ClosedG.I.C. Federal Credit Union, Euclid, OH12/13/2012ClosedBorder Lodge Credit Union, Derby, VT11/30/2012ClosedWomen’s Southwest Federal Credit Union, Dallas10/31/2012ClosedU.S. Central Bridge Corporate Federal Credit Union, Lenexa, KS10/29/2012ClosedEl Paso’s Federal Credit Union, El Paso, TX09/28/2012ClosedUnited Catholic Credit Union, Temperance, MI08/09/2012ClosedA M Community Credit Union, Kenosha, WI08/01/2012ClosedWestern Bridge Corporate Federal Credit Union, San Dimas, CA07/06/2012ClosedTelesis Community Credit Union, Chatsworth, CA06/01/2012ClosedWausau Postal Employees Credit Union, Wausau, WI05/18/2012ClosedShepherd’s Federal Credit Union, Charlotte, NC03/26/2012ClosedSaguache County Credit Union, Moffat, CO03/23/2012ClosedPeople for People Community Development Credit Union (CDCU), Philadelphia02/19/2012ClosedEastern New York Federal Credit Union, Napanoch, NY01/27/2012Closed
2012-2023 List Of Failed Credit Unions | Bankrate (2024)


2012-2023 List Of Failed Credit Unions | Bankrate? ›

There were 92 bank failures in 2011.

Which credit unions have failed? ›

Conservatorships and Liquidations
YearDateCredit Union Name
202209/30/2022Paducah Teachers Federal Credit Union
202203/04/2022Empire Financial Federal Credit Union
202201/03/2022Pomona Postal Federal Credit Union
202112/30/2021Portsmouth Schools Federal Credit Union
52 more rows

How many banks failed in 2011? ›

There were 92 bank failures in 2011.

How many credit unions failed in 2008? ›

Failed banking institutions - the one number that continued to grow all year. After a year in which only three banks closed (and none the two years prior), 2008 saw 25 banks and 15 credit unions shuttered.

Which financial institutions collapsed in 2008? ›

2008 Summary by Month
Bank NamePress ReleaseClosing Date
December Back to Top
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UTPR-085-2008September 25, 2008
Ameribank, Inc., Northfork, WVPR-082-2008September 19, 2008
Silver State Bank, Henderson, NVPR-077-2008September 5, 2008
30 more rows

Who are the top 5 credit unions? ›

Largest Credit Unions in the U.S.
Rank by Asset SizeCredit Union NameTotal Assets
1.Navy Federal Credit Union$168.4 billion
2.State Employees' Credit Union$50.68 billion
3.Pentagon Federal Credit Union$35.36 billion
4.Boeing Employees' Credit Union$29.17 billion
6 more rows
Apr 16, 2024

Is Capital One bank safe from collapse? ›

Your money is safe at Capital One

The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.

How many banks failed in 2012? ›

There were 51 bank failures in 2012. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

How many banks failed in 2014? ›

2014 in Brief

There were 18 bank failures in 2014. See detailed descriptions below.

Have any credit unions failed recently? ›

National Credit Union Administration (NCUA) credit unions had seven conservatorships/liquidations in 2022 and two so far in 2023.

Is a credit union safer than a bank right now? ›

Generally, credit unions are viewed as safer than banks, although deposits at both types of financial institutions are usually insured at the same dollar amounts. The FDIC insures deposits at most banks, and the NCUA insures deposits at most credit unions.

Are credit unions in decline? ›

NCUA: Number of Credit Unions Continues Decline, But Membership Is Up. The number of federally insured credit unions declined to 4,604 institutions in the fourth quarter of 2023, a drop of 156 financial institutions from a year ago, the National Credit Union Administration said Tuesday.

What banks are failing in 2024? ›

2024 in Brief

There are no bank failures in 2024. See detailed descriptions below.

Which bank was too big to fail? ›

An early example of a bank rescued because it was "too big to fail" was the Continental Illinois National Bank and Trust Company during the 1980s.

What banks are in danger of failing? ›

7 Banks to Dump Now Before They Go Bust in 2023
SHFSSHF Holdings$0.50
WALWestern Alliance$27.32
ECBKECB Bancorp$11.24
PACWPacWest Bancorp$5.97
FFWMFirst Foundation$4.35
2 more rows
May 8, 2023

Are any credit unions in financial trouble? ›

National Credit Union Administration (NCUA) credit unions had seven conservatorships/liquidations in 2022 and two so far in 2023. While credit unions have experienced several failures in 2022, there were no Federal Deposit Insurance Corp.

What happens to my money if a credit union fails? ›

When a credit union fails, the NCUA is responsible for managing and closing the institution. The NCUA's Asset Management and Assistance Center liquidates the credit union and returns funds from accounts to its members. The funds are typically returned within five days of closure.

Has anyone ever lost money in a credit union? ›

“Not one penny of insured savings has ever been lost by a member of a federally insured credit union.”


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