Valwood Park Federal Credit Union Savings

Information Permanently Protected by the Share Insurance Fund; Uninterrupted Member Services

ALEXANDRIA, Va. (Jan. 20, 2023) – The National Credit Union Administration today placed Valwood Park Federal Credit Union in Carrollton, Texas, into conservatorship.

NCUA placed Valwood Park Federal Credit Union into conservatorship due to unsafe and unsound practices at the credit union. While normal member services continue, NCUA will work to resolve issues affecting credit union operations.

Member deposits at Valwood Park Federal Credit Union are still protected by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts at Valwood Park Federal Credit Union of up to $250,000. A member’s interest in all joint accounts is insured up to $250,000. The Mutual Insurance Fund also protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund is backed by the full faith and credit of the United States.

Member services will continue at the credit union’s headquarters at 1001 E Crosby Rd., in Carrollton, Texas. Members can continue to conduct regular financial transactions, save and receive money, make loans, and use shares. The credit union lobby is open Monday through Friday from 9 a.m. to 3 p.m. Additionally, the drive-thru is open Monday through Thursday from 7:30 a.m. to 4 p.m., Friday from 7:30 to 6 p.m., and Saturday from 9 a.m. to noon.

Members with questions about Valwood Park Federal Credit Union operations can contact the credit union at 972.446.0540. Members with questions about savings can review Valwood Park Federal Credit Union common question posted on the NCUA website. Members who have questions about their Shared Insurance Fund can find more information at Shared insurance coverage part of the NCUA consumer websites.

Valwood Park Federal Credit Union is a federally insured, federally chartered union with 2,833 members and assets of more than $28 million, according to the credit union’s most recent report. The credit union serves the cities of Carrollton, Farmers Branch, and Addison in Texas.

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