The NCUA liquidated Education Associations Federal Credit Union of Washington Friday.

The agency said it decided to liquidate Education Associations and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations.

The liquidated credit union served 665 members and had assets of $2,596,701, according to its latest NCUA Call Report. Chartered in 1954, Education Associations served the employees of the National Education Association, other national education organizations and their immediate family members.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.