Lost Credit Union accounts:

Saving accounts or CDs at Credit Unions can become abandoned if the rightful owner fails to communicate an interest in such over a period of time. This occurs fairly common due to a period of inactivity, a death of a family member, a name change due to a divorce or marriage. In any case, if forwarded mail is returned to the institution eventually these unclaimed monies are turned over a government's unclaimed asset trust.

The wave of closing and failed financial institutions including Credit Unions during the 1980s, resulted in the passing of the Financial Institutions Reform Recovery & Enforcement Act of 1989. When a credit union with federal insurance is liquidated, the National Credit Union Administration (NCUA)'s Asset Management and Assistance Center (AMAC) is responsible for paying the share accounts to the members Funds at both federal credit unions and state-chartered credit unions are insured by the National Credit Union Share Insurance Fund (NCUIF) founded in 1970..

Invariably, some shares remain unclaimed. Some checks were never cashed or the Credit Union member's address information is incomplete or was misplaced. There are also cases when the NCUA doesn't have a recent address and unable to obtain a forwarding address from the Postal Office.

Our database has 10,000s of unclaimed Credit Unions shares and the resouces to assist you in claiming your lost shares. These unclaimed Credit Union assets are NOT included in the States' online unclaimed property databases.

Perform a Free Trial Money Search

Click here