The National Credit Union Administration liquidated Unilever Federal Credit Union of Englewood Cliffs, New Jersey and discontinued its operations after determining the credit union was insolvent with no prospect of restoring viable operations. Member deposits are federally insured by the National Credit Union Share Insurance Fund to at least USD 250,000. Unilever Federal Credit Union served 1,448 members and reported assets of USD 46,669,599 in its most recent Call Report. NCUA’s Asset Management and Assistance Center is expected to send correspondence to individuals with verified share accounts within one week, and a liquidation notice to creditors was issued.
National Credit Union Administration 2025-04-30
National Credit Union Administration liquidates Unilever Federal Credit Union and confirms share insurance coverage of at least USD 250,000
The National Credit Union Administration liquidated Unilever Federal Credit Union due to insolvency, with no prospect of restoring viable operations. Member deposits are insured by the National Credit Union Share Insurance Fund up to USD 250,000. The credit union served 1,448 members and reported assets of USD 46.67 million.