The National Credit Union Administration may place a credit union into conservatorship in order to resolve operational problems that could affect that credit union’s safety and soundness. Conservatorship means the NCUA has taken control of the credit union. Liquidation means a credit union has been closed; however, a liquidated credit union may be purchased — and members, assets, and loans assumed — by another credit union, so that members will be able to continue receiving financial services.

On September 28, 2017, the NCUA Board unanimously voted to close the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) effective October 1, 2017, ahead of its sunset date of June 30, 2021. All remaining funds, property, and other assets were transferred to the National Credit Union Share Insurance Fund (Insurance Fund), representing a major milestone in the wind-down of the Corporate System Resolution Program. While the net projected assessment range is no longer relevant, the NCUA will continue to report the total gross and net corporate system resolution costs (Resolution Costs), as well as the NGN and legacy asset data that has been reported historically. Additional reporting on NCUA’s receivable from the estates, the estimated impact to the equity ratio, and potential recoveries of depleted corporate capital will also be provided.

When a credit union with federal insurance is liquidated, the NCUA's Asset Management and Assistance Center is responsible for paying the share accounts to the members. Invariably, some items may remain unclaimed. Some checks are never cashed; or the credit union's address information was incomplete. There are also cases when we don't have a recent address and are unable to get a forwarding address from the post office. f you believe the NCUA may be holding funds for you, please review our current list of unclaimed deposits.

Letters of Understanding and Agreement (LUAs) are supervisory tools used by NCUA. An LUA is essentially a contract between NCUA and a credit union and/or its officials, in which the credit union or officials agree to take, or not take, certain specified actions. Normally, LUAs are negotiated when credit unions have not adequately responded to less severe measures, such as Documents of Resolution. NCUA also requires LUAs for newly chartered credit unions and to grant permanent special assistance. The Federal Credit Union Act requires that the NCUA Board publish and make available to the public “any written agreement or other written statement for which a violation may be enforced by the Board unless the Board, in its discretion, determines that publication would be contrary to public interest.” Violations of the terms of a published LUA constitute grounds for administrative actions. The NCUA Board may therefore take administrative actions against credit unions or officials that fail to comply with the terms of published LUAs.

Financial Performance Reports provide a financial summary for a credit union, including assets, liabilities and capital, and income and expense. Users may request an FPR shortly after the credit union’s Call Report data has been submitted and validated by the regulator. The NCUA relies on credit unions to submit accurate information. The agency does not guarantee FPR data accuracy, and is not responsible for the conclusions users may draw.

The NCUA may provide guidance and other information to the credit union system on regulatory and supervisory matters, trends affecting federally insured credit unions and potential risks and threats.

The NCUA Guaranteed Notes Program is a series of thirteen securitization transactions. The terms and characteristics of each securitization vary and data is available on each.

A listing of active federally insured credit unions as of the end of the most recent quarter and includes essential metrics, including membership, assets, and loans.