| Inter-American Federal Credit Union, Brooklyn, NY | 03/08/2023 | Closed |
| O. F. Toalston Federal Credit Union, Logan, WV | 11/15/2022 | Closed |
| Mingo County Education Federal Credit Union, Williamson, WV | 11/15/2022 | Closed |
| Paducah Teachers Federal Credit Union, Paducah, KY | 09/30/2022 | Closed |
| Empire Financial Federal Credit Union, New York, NY | 03/04/2022 | Closed |
| Portsmouth Schools Federal Credit Union, Portsmouth, VA | 12/30/2021 | Closed |
| C O Federal Credit Union, Charleston, SC | 09/17/2021 | Closed |
| Defense Logistics Federal Credit Union, Dover, NJ | 07/01/2021 | Closed |
| Indianapolis Newspaper Federal Credit Union, Indianapolis, IN | 03/31/2021 | Closed |
| IBEW Local Union 712 Federal Credit Union, Beaver, PA | 05/29/2020 | Closed |
| CBS Employees Federal Credit Union, Studio City, CA | 03/29/2019 | Closed |
| Radio, Television and Communication Federal Credit Union, Staten Island, NY | 10/12/2018 | Closed |
| LOMTO Federal Credit Union, Woodside, NY | 09/30/2018 | Closed |
| Melrose Credit Union, Briarwood, NY | 08/31/2018 | Closed |
| Greater Christ Baptist Church Credit Union, Detroit | 07/31/2018 | Closed |
| Louisville Metro Police Officers Credit Union, Louisville, Kentucky | 06/29/2018 | Closed |
| First Jersey Credit Union, Wayne, NJ | 02/28/2018 | Closed |
| St. Elizabeth’s Credit Union, Chicago | 01/30/2018 | Closed |
| Riverdale Credit Union, Selma, AL | 12/04/2017 | Closed |
| New York State Employees Federal Credit Union, NY | 10/27/2017 | Closed |
| Shreveport Federal Credit Union, Shreveport, LA | 10/02/2017 | Closed |
| Valley State Credit Union, Saginaw, MI | 03/31/2017 | Closed |
| Florida Conference AME Church (FCAMEC) Federal Credit Union, Tallahassee, FL | 03/17/2017 | Closed |
| First African Baptist Church Federal Credit Union, Sharon Hill, PA | 11/29/2016 | Closed |
| Servco Federal Credit Union, Bensalem, PA | 04/05/2016 | Closed |
| Cardozo Lodge Federal Credit Union, Bensalem, PA | 04/05/2016 | Closed |
| Chester Upland School Employees Federal Credit Union, Chester, PA | 04/05/2016 | Closed |
| Triangle Interests % Service Center Federal Credit Union, Bensalem, PA | 04/05/2016 | Closed |
| Electrical Inspectors Federal Credit Union, Bensalem, PA | 04/05/2016 | Closed |
| O P S EMP Federal Credit Union, Bensalem, PA | 04/05/2016 | Closed |
| Veterans Health Administration Credit Union, Detroit | 03/29/2016 | Closed |
| Education Associations Federal Credit Union, Washington, DC | 03/04/2016 | Closed |
| Mildred Mitchell-Bateman Hospital Federal Credit Union, Huntington, WV | 02/24/2016 | Closed |
| CTK Credit Union, Milwaukee | 02/05/2016 | Closed |
| First Hawaiian Homes Federal Credit Union, Hoolehua, HI | 12/29/2015 | Closed |
| Bethex Federal Credit Union, Bronx, New York | 12/18/2015 | Closed |
| Greater Abyssinia Federal Credit Union, Cleveland | 12/01/2015 | Closed |
| Helping Other People Excel Federal Credit Union, Jackson, NJ | 11/20/2015 | Closed |
| SWC Credit Union, Tampa, FL | 09/24/2015 | Closed |
| SCICAP Credit Union, Chariton, IA | 08/28/2015 | Closed |
| Lakeside Federal Credit Union, Hammond, IN | 07/16/2015 | Closed |
| Trailblazer Federal Credit Union, Washington, PA | 07/10/2015 | Closed |
| TLC Federal Credit Union, Tillamook, OR | 04/30/2015 | Closed |
| North Dade Community Development Federal Credit Union, Miami Gardens, FL | 03/31/2015 | Closed |
| American Bakery Workers Federal Credit Union, Philadelphia | 01/30/2015 | Closed |
| Health One Credit Union, Detroit | 12/12/2014 | Closed |
| Metropolitan Church of God Credit Union, Detroit | 12/03/2014 | Closed |
| County & Municipal Employees Credit Union, Edinburg, TX | 10/10/2014 | Closed |
| Republic Hose Employees Federal Credit Union, Youngstown, OH | 09/30/2014 | Closed |
| Louden Depot Community Credit Union, Fairfield, IA | 09/05/2014 | Closed |
| IBEW Local 816 Federal Credit Union, Paducah, KY | 07/10/2014 | Closed |
| Life Line Credit Union, Richmond, VA | 05/23/2014 | Closed |
| Mayfair Federal Credit Union, Philadelphia | 03/31/2014 | Closed |
| Parsons Pittsburg Credit Union, Parsons, KA | 03/21/2014 | Closed |
| St. Francis Campus Credit Union, Little Falls, MI | 02/14/2014 | Closed |
| Polish Combatants Credit Union, Bedford, OH | 11/22/2013 | Closed |
| Craftsman Credit Union, Detroit | 09/06/2013 | Closed |
| Taupa Lithuanian Credit Union, Cleveland. OH | 07/15/2013 | Closed |
| PEF Federal Credit Union, Highland Heights, OH | 07/01/2013 | Closed |
| Ochsner Clinic Federal Credit Union, New Orleans | 06/28/2013 | Closed |
| NCP Community Development Federal Credit Union, Norfolk, VA | 05/31/2013 | Closed |
| Electrical Workers #527 Federal Credit Union, Texas City, TX | 05/23/2013 | Closed |
| Lynrocten Federal Credit Union, Lynchburg, VA | 05/03/2013 | Closed |
| Shiloh of Alexandria Federal Credit Union, Alexandria, VA | 04/12/2013 | Closed |
| I.C.E. Federal Credit Union, Inglewood, CA | 03/15/2013 | Closed |
| Pepsi Cola Federal Credit Union, Buena Park, CA | 03/15/2013 | Closed |
| Amez United Credit Union, Detroit | 02/19/2013 | Closed |
| New Covenant Missionary Baptist Church Credit Union, Milwaukee | 01/07/2013 | Closed |
| Chetco Federal Credit Union, Harbor, OR | 12/31/2012 | Closed |
| Olean Federal Credit Union, Olean, NY | 12/17/2012 | Closed |
| G.I.C. Federal Credit Union, Euclid, OH | 12/13/2012 | Closed |
| Border Lodge Credit Union, Derby, VT | 11/30/2012 | Closed |
| Women’s Southwest Federal Credit Union, Dallas | 10/31/2012 | Closed |
| U.S. Central Bridge Corporate Federal Credit Union, Lenexa, KS | 10/29/2012 | Closed |
| El Paso’s Federal Credit Union, El Paso, TX | 09/28/2012 | Closed |
| United Catholic Credit Union, Temperance, MI | 08/09/2012 | Closed |
| A M Community Credit Union, Kenosha, WI | 08/01/2012 | Closed |
| Western Bridge Corporate Federal Credit Union, San Dimas, CA | 07/06/2012 | Closed |
| Telesis Community Credit Union, Chatsworth, CA | 06/01/2012 | Closed |
| Wausau Postal Employees Credit Union, Wausau, WI | 05/18/2012 | Closed |
| Shepherd’s Federal Credit Union, Charlotte, NC | 03/26/2012 | Closed |
| Saguache County Credit Union, Moffat, CO | 03/23/2012 | Closed |
| People for People Community Development Credit Union (CDCU), Philadelphia | 02/19/2012 | Closed |
| Eastern New York Federal Credit Union, Napanoch, NY | 01/27/2012 | Closed |
FAQs
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
| Year | Date | Credit Union Name |
|---|
| 2022 | 09/30/2022 | Paducah Teachers Federal Credit Union |
| 2022 | 03/04/2022 | Empire Financial Federal Credit Union |
| 2022 | 01/03/2022 | Pomona Postal Federal Credit Union |
| 2021 | 12/30/2021 | Portsmouth Schools Federal Credit Union |
41 more rowsThere 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.
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.
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 NameBank | CityCity | Closing DateClosing |
|---|
| Heartland Tri-State Bank | Elkhart | July 28, 2023 |
| First Republic Bank | San Francisco | May 1, 2023 |
| Signature Bank | New York | March 12, 2023 |
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
56 more rowsApril 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
| Bank | Forbes Advisor Rating | Products |
|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
1 more rowJan 29, 2024
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.
