The National Credit Union Administration has placed WeDevelopment Federal Credit Union in Kansas City, Missouri, into conservatorship, citing unsafe and unsound practices. Member services will continue while the agency works to resolve operational issues at the credit union. Deposits remain protected by the National Credit Union Share Insurance Fund. The Share Insurance Fund covers individual accounts up to USD 250,000, a member’s combined interest in all joint accounts up to USD 250,000, and IRA and KEOGH retirement accounts separately up to USD 250,000. Members can continue normal transactions, including deposits, withdrawals and loan payments, while the credit union remains open. WeDevelopment Federal Credit Union is a federally chartered, federally insured institution with 933 members and USD 2.63 million in reported assets.
National Credit Union Administration2026-07-10
National Credit Union Administration places WeDevelopment Federal Credit Union into conservatorship after unsafe and unsound practices
The National Credit Union Administration placed WeDevelopment Federal Credit Union into conservatorship because of unsafe and unsound practices. Member services will continue and deposits remain insured by the National Credit Union Share Insurance Fund up to the stated USD 250,000 limits. The credit union has 933 members and USD 2.63 million in reported assets.