Kern Central Credit Union Closes; Members Now Served By Self-Help Federal Credit Union

January 8, 2010, Alexandria, Virginia -The National Credit Union Administration (NCUA) was today appointed liquidating agent of Kern Central Credit Union (Kern Central) of Bakersfield, California, by the California Department of Financial Institutions (DFI).


NCUA immediately signed an agreement with Self-Help Federal Credit Union (Self-Help) of Durham, North Carolina, to assume the assets and liabilities of Kern Central Credit Union. Kern Central members will experience no interruption of credit union service. Their accounts are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) up to at least $250,000.


Self-Help has $75.2 million in assets and serves approximately 15,000 members. It is a full service credit union located in Durham, North Carolina. Self-Help will continue to operate Kern Central's 3 branch locations. In addition, the new members will have access to a broad array of financial services offered across the United States through Self-Help's six branch offices in California and a shared branching network with over 5,500 sites nationwide.


At liquidation, Kern Central had approximately $34.9 million in assets and served approximately 8,400 members. Kern Central was established in 1974 to serve employer groups within a 25-mile radius. The credit union subsequently expanded its field of membership to serve individuals working and living in Kern County, California. This is the first federally insured credit union liquidation in 2010.


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?