Shepherd’s Federal Credit Union Closes

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

 

(March 26, 2012) – The National Credit Union Administration (NCUA) today liquidated Shepherd’s Federal Credit Union of Charlotte, N.C. NCUA made the decision to liquidate Shepherd’s Federal Credit Union and discontinue the credit union’s operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

 

Member deposits at Shepherd’s Federal Credit Union 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 members holding verified share accounts in the credit union within one week.

 

Members of Shepherd’s Federal Credit Union may contact NCUA’s Consumer Assistance Center hotline toll free at 800-755-1030 with any questions. The center answers calls Monday through Friday between 8 a.m. and 6 p.m. Eastern time.

 

Shepherd’s Federal Credit Union served 1,397 members and had deposits of approximately $379,000. Chartered in 2010, Shepherd’s Federal Credit Union served members and employees of Unity, the Way of Holiness Christian Church in Charlotte and Clarkton, N.C.

 

Shepherd’s Federal Credit Union is the fourth federally insured credit union liquidation in 2012.

 

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?