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Red river credit union7/14/2023 ![]() Get Red River CU hours for today,, as well as the phone number, map and address for each location. ![]() Shreveport Federal Credit Union is the third federally insured credit union liquidation in 2017. Red River Credit Union provides financial services to credit union members in local communities from 27 branch locations in 15 cities and 4 states as of May 2023. Chartered in 1956, Shreveport Federal Credit Union served Shreveport city and transit employees, members acquired through mergers with several smaller credit unions in Mississippi and Louisiana, and a number of other common bond entities. At the time of liquidation and subsequent purchase by Red River Employees Federal Credit Union, Shreveport Federal Credit Union served 22,212 members and had assets of approximately $86 million, according to the credit union’s most recent Call Report. NCUA made the decision to liquidate Shreveport Federal Credit Union and discontinue its operations after determining the credit union was insolvent and has no prospect for restoring viable operations. Members also may find insurance coverage information on the Share Insurance Coverage (opens new window) page of the NCUA’s consumer website, M圜 (opens new window). Members with questions about their accounts may contact Red River Employees Federal Credit Union at 318.798.4061 between 8 a.m. Must qualify for membership or be a member of Red River Credit Union. ![]() The Share Insurance Fund has the backing of the full faith and credit of the United States. Here is a list of bank and credit unions that sell repossessed boats and other. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The new Red River Employees Federal Credit Union members should experience no interruption in services, and their accounts remain federally insured by the National Credit Union Share Insurance Fund. Red River Employees Federal Credit Union serves 84,093 members and has assets of $807,144,475, according to the credit union’s most recent Call Report. Red River Employees Federal Credit Union of Texarkana, Texas, immediately assumed Shreveport Federal Credit Union’s membership and most shares, loans, and other assets. 2, 2017) – The National Credit Union Administration today liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. Member Services Continue, Deposits Remain Protected by Share Insurance FundĪLEXANDRIA, Va.
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