On June 23, 2017, the National Credit Union Administration, in cooperation with the North Dakota Department of Financial Institutions, placed your credit union into conservatorship. This action results in NCUA taking control of Citizens Community's operations in order to protect the interests of the members and Citizens Community's assets. The credit union will remain open, and services to members will continue.
Your accounts remain insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Fund is backed by the full faith and credit of the United States.
"Your Insured Funds" brochures are available to explain in detail the National Credit Union Share Insurance Fund and insurance coverage of your account. Information on federal insurance coverage can be provided to you upon request or obtained by visiting the Share Insurance Coverage page of NCUA's MyCreditUnion.gov consumer website.
NCUA, the North Dakota Department of Financial Institutions, and the credit union's management team will aggressively work to protect member assets and maintain confidence in Citizens Community. NCUA is a federal agency with a long and successful track record of maintaining the financial stability of credit unions in these situations and will act to protect the assets of the members of Citizens Community.
If you have any questions, please contact the credit union at 701-662-8118.
C. Keith Morton
Agent for the Conservator