The National Credit Union Administration (NCUA) has placed Aldersgate Federal Credit Union in Marion, Illinois, into conservatorship, with member services continuing while the agency works to resolve issues affecting the credit union’s operations. Member deposits remain protected by the National Credit Union Share Insurance Fund, which insures individual accounts at federally insured credit unions up to USD 250,000, insures members’ interests in all joint accounts combined up to USD 250,000, and separately insures IRA and KEOGH retirement accounts up to USD 250,000. Members can continue to conduct transactions during the conservatorship, including deposits, loan payments, and share withdrawals, including via the NCUA’s Asset Management and Assistance Center during specified hours. Aldersgate Federal Credit Union reported 811 members and USD 10.6 million in assets in its most recent Call Report.
National Credit Union Administration 2025-06-18
National Credit Union Administration places Aldersgate Federal Credit Union in Illinois into conservatorship
The National Credit Union Administration (NCUA) has placed Aldersgate Federal Credit Union into conservatorship to address operational issues, ensuring continued member services. Member deposits remain protected by the National Credit Union Share Insurance Fund up to USD 250,000 per account type. Aldersgate reported 811 members and USD 10.6 million in assets.