The National Credit Union Administration placed People Trust Community Federal Credit Union in North Little Rock, Arkansas, into conservatorship, citing unsafe and unsound practices. Member services will continue while the NCUA works to resolve issues affecting the credit union’s operations. Deposits remain protected by the National Credit Union Share Insurance Fund, administered by the NCUA and backed by the full faith and credit of the United States. The Share Insurance Fund covers individual accounts up to USD 250,000, joint accounts up to USD 250,000 in aggregate, and separately insures IRA and KEOGH retirement accounts up to USD 250,000. Members can continue normal transactions, including deposits, fund access and loan payments, through Arkansas Federal Credit Union’s branch in Little Rock; no drive-through service will be available for People Trust Community member transactions. The credit union reported 1,796 members and USD 3,276,409 in assets in its most recent Call Report and serves Pulaski and Saline Counties in Arkansas.
National Credit Union Administration 2026-01-16
National Credit Union Administration places People Trust Community Federal Credit Union into conservatorship for unsafe and unsound practices
The National Credit Union Administration placed People Trust Community Federal Credit Union into conservatorship due to unsafe practices, ensuring member services continue and deposits remain protected by the National Credit Union Share Insurance Fund. Members can access services through Arkansas Federal Credit Union's branch in Little Rock, with no drive-through service available.