| 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.
Which credit unions have failed? ›
Conservatorships and Liquidations
| Year | Date | Credit Union Name |
|---|
| 2021 | 12/30/2021 | Portsmouth Schools Federal Credit Union |
| 2021 | 11/05/2021 | Pomona Postal Federal Credit Union |
| 2021 | 09/17/2021 | C O Federal Credit Union |
| 2021 | 07/01/2021 | Defense Logistics Federal Credit Union |
52 more rowsThere 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 Name | Press Release | Closing Date |
|---|
| December Back to Top |
|---|
| Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT | PR-085-2008 | September 25, 2008 |
| Ameribank, Inc., Northfork, WV | PR-082-2008 | September 19, 2008 |
| Silver State Bank, Henderson, NV | PR-077-2008 | September 5, 2008 |
30 more rows- 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.
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.
Are credit unions in decline? ›
The year-over-year decline is consistent with long-running industry consolidation trends. The number of credit unions with a low-income designation declined to 2,483 in the fourth quarter of 2023 from 2,612 one year earlier.
However, because credit unions serve mostly individuals and small businesses (rather than large investors) and are known to take fewer risks, credit unions are generally viewed as safer than banks in the event of a collapse. Regardless, both types of financial institutions are equally protected.
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.
What banks are failing in 2024? ›
2024 in Brief
There are no bank failures in 2024. 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 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
| SHFS | SHF Holdings | $0.50 |
|---|
| WAL | Western Alliance | $27.32 |
| ECBK | ECB Bancorp | $11.24 |
| PACW | PacWest Bancorp | $5.97 |
| FFWM | First Foundation | $4.35 |
2 more rowsMay 8, 2023
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.”
Is my credit union safe from collapse? ›
DEPOSITS AT CREDIT UNIONS ARE OFTEN INSURED
The failures we have seen in recent months are highly unlikely at a credit union. Credit unions are similarly insured up to $250,000 by either the National Credit Union Administration or private organizations like American Share Insurance (ASI), rather than the FDIC.
