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

Greetings, I'm an expert well-versed in the field of credit unions, with a demonstrable depth of knowledge in the financial industry. My expertise spans various aspects, from regulatory compliance to the historical context of credit unions. Let's delve into the information provided and analyze the concepts related to the closures of several credit unions.

The list you've presented appears to detail the closures of various credit unions across different locations and timeframes. The closures could be attributed to various factors, such as financial instability, regulatory issues, or other internal challenges. Here are some key concepts and insights related to the closures mentioned:

  1. Inter-American Federal Credit Union, Brooklyn, NY (03/08/2023):

    See Also
    Credit Union Pros and ConsNCUA: What It Is And How It Keeps Your Money At Credit Unions SafeWhy Credit Unions are Still Safe and Sound Despite Recent Issues with Silicon Valley Bank and Signature BankReasons to Join

    • The closure date suggests recent financial challenges or regulatory issues. Further investigation into the specific reasons behind this closure would provide a more comprehensive understanding.

  2. O. F. Toalston Federal Credit Union, Logan, WV (11/15/2022):

    • Similarly, understanding the circ*mstances surrounding the closure of this credit union in West Virginia could involve examining regional economic factors or internal operational issues.

  3. Mingo County Education Federal Credit Union, Williamson, WV (11/15/2022):

    • The simultaneous closure with the previous entry might indicate a broader trend or shared challenges within the region.

  4. Paducah Teachers Federal Credit Union, Paducah, KY (09/30/2022):

    See Also
    Why are so many people switching from banks to credit unions? - Midwest Community

    • Examining the closure date and any associated reports can provide insights into the factors contributing to the closure of the credit union catering to teachers in Paducah, Kentucky.

  5. Empire Financial Federal Credit Union, New York, NY (03/04/2022):

    • Given the significant financial landscape in New York, exploring the reasons behind the closure of this credit union may involve regulatory changes or internal financial struggles.

  6. Portsmouth Schools Federal Credit Union, Portsmouth, VA (12/30/2021):

    • Educational credit unions like this one often face challenges tied to the economic well-being of the community. Investigating the local economic conditions might shed light on the reasons for closure.

  7. C O Federal Credit Union, Charleston, SC (09/17/2021):

    • The closure in Charleston, South Carolina, could be linked to regional economic factors or specific challenges faced by the credit union.

  8. Defense Logistics Federal Credit Union, Dover, NJ (07/01/2021):

    • As the name suggests, this credit union may have had ties to defense industry personnel. Understanding the economic dynamics of the region and potential impacts on the defense sector could provide context.

This pattern continues for each entry, with each closure potentially tied to a unique set of circ*mstances. By thoroughly examining the specific details surrounding each closure, one can gain a nuanced understanding of the challenges faced by these credit unions and the broader implications for the financial landscape in their respective regions.

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