The National Credit Union Administration announced that Valwood Park Federal Credit Union of Carrollton, Texas has been returned to the control and direction of its members, marking the end of the agency’s conservatorship. Valwood Park Federal Credit Union entered conservatorship on January 20, 2023, after the NCUA identified unsafe and unsound practices. The release attributes the credit union’s recovery to actions by a new management team working with the NCUA, including strengthening controls and mitigating risks. Valwood Park is a full-service, federally insured credit union with 2,686 members and USD 25,442,484 in assets, serving Carrollton, Addison, and Farmers Branch, Texas.
National Credit Union Administration 2025-03-26
National Credit Union Administration ends conservatorship of Valwood Park Federal Credit Union and restores member control
The National Credit Union Administration (NCUA) has returned Valwood Park Federal Credit Union in Carrollton, Texas, to member control, ending its conservatorship. The credit union, which entered conservatorship in January 2023 due to unsafe practices, recovered through strengthened controls and risk mitigation by a new management team. Valwood Park serves 2,686 members with USD 25.4 million in assets.