Electrical Workers #527 Federal Credit Union Closes

Member Deposits Protected up to $250,000; Consumer Service Hotline Open


(May 23, 2013) – The National Credit Union Administration (NCUA) today liquidated Electrical Workers #527 Federal Credit Union of Texas City, TX.


NCUA made the decision to liquidate Electrical Workers #527 Federal Credit Union and discontinue its operations after determining the credit union was insolvent and had no prospect for restoring viable operations.


Member deposits are federally insured by the National Credit Union Share Insurance Fund up to $250,000. NCUA’s Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in the credit union within one week.


Members with additional questions about their insurance coverage may contact NCUA’s Consumer Assistance Center toll-free at 800-755-1030. The center answers calls Monday through Friday between 7 a.m. and 4 p.m. Central. Individuals may also visit the MyCreditUnion.gov website at any time for more information about their insurance coverage.


Electrical Workers #527 Federal Credit Union is the seventh federally insured credit union liquidation in 2013.


Find a credit union by city, state, or name:

Find Local Credit Unions

Find a credit union


Order your credit report online

Special offer to credit union members. See your instant credit report.

Sponsored Sites


MERit Credit Engine for credit unions provides automated Internet credit report retrieval for scoring, system integration, three bureau merged and Open Standard XML reports.


Free credit report UK and Canada
Monitor your credit and protect against identity theft! Who checked your credit report recently, and what did they see?