Even in the event the credit union failed and closed its doors, do not necessarily assume your funds are lost forever.  For those who owned accounts at a branch no longer in existence, the funds may well have been transferred to a successor credit union after a merger or acquisition.

Even in the event the credit union failed and closed its doors, do not necessarily assume your funds are lost forever. Unclaimed shares from failed credit unions are handled by the National Credit Union Administration. NCUA is an independent agency that supervises and insures over 7,329 federal credit unions and 4,538 state-chartered credit unions.

When a federally-insured credit union is liquidated, NCUA's Asset Liquidation Management Center assumes responsibility for paying share accounts to members. NCUSIF, The National Credit Union Share Insurance Fund, insures member deposits up to a $100,000 limit. Since 1990, more than $331 million has been paid out to well over 100,000 shareholders.

For assistance tracking down funds from closed banks and credit unions, or to trace funds lost after a merger or acquisition go to: Unclaimed Credit Union Account Search