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. 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.

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
41 more rows

How many banks failed in 2011? ›

There were 92 bank failures in 2011. 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 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. Following is a list of the 40 banking institutions that failed in 2008. Source: FDIC, NCUA.

What banks failed this year? ›

San Francisco-based First Republic Bank goes down as the second-largest failure in U.S. history. Santa Clara, California-based Silicon Valley Bank follows at number three on the all-time list and New York City-based Signature Bank is the fourth-largest bank to fail.

Is TD bank in trouble? ›

Canada's financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.

Who are the top 5 credit unions? ›

  • No. 1 — Navy Federal Credit Union.
  • No. 2 — State Employees' Credit Union.
  • No. 3 — Pentagon Federal Credit Union.
  • No. 4 — Boeing Employees' Credit Union.
  • No. 5 — SchoolsFirst Federal Credit Union.
  • No. 6 — Golden 1 Credit Union.
  • No. 7 — America First Credit Union.
  • No. 8 — Alliant Credit Union.
Apr 25, 2024

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? ›

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

How many banks failed in 2015? ›

There were 8 bank failures in 2015. See detailed descriptions below.

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 happens to credit unions if banks collapse? ›

If the bank fails, you'll get your money back. Nearly all banks are FDIC insured. You can look for the FDIC logo at bank teller windows or on the entrance to your bank branch. Credit unions are insured by the National Credit Union Administration.

How likely are credit unions to fail? ›

Both can be hit hard by tough economic conditions, but credit unions were statistically less likely to fail during the Great Recession. But no matter which you go with, you shouldn't worry about losing money. Both credit unions and banks have deposit insurance and are generally safe places for your money.

Which 4 banks are in trouble? ›

About the FDIC:
Bank NameBankCityCityClosing DateClosing
Heartland Tri-State BankElkhartJuly 28, 2023
First Republic BankSan FranciscoMay 1, 2023
Signature BankNew YorkMarch 12, 2023
Silicon Valley BankSanta ClaraMarch 10, 2023
56 more rows

Which banks are collapsing in 2024? ›

April 29 (Reuters) - U.S. regulators on Friday seized Philadelphia-based Republic First Bancorp (FRBK.PK) , opens new tab and agreed to sell it to Fulton Bank, a unit of Fulton Financial Corp (FULT.O) , opens new tab.

Which is the safest bank? ›

Summary: Safest Banks In The U.S. Of May 2024
BankForbes Advisor RatingProducts
Chase Bank5.0Checking, Savings, CDs
Bank of America4.2Checking, Savings, CDs
Wells Fargo Bank4.0Savings, checking, money market accounts, CDs
Citi®4.0Checking, savings, CDs
1 more row
Jan 29, 2024

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? ›

If you're worried, talk to your bank or credit union, Singletary suggested. They can help you figure out if you need to make any changes. But, for just about everyone, there's nothing to fear, she said. “Nobody's ever lost money in a FDIC-insured bank.


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