But I never heard anything about credit unions having such problems. Why is that?
credit unions are not big businesses with large customers. so you dont hear about it in media..
.. but (5 second google search later)
6 Towns Credit Union Limited was placed into administration on 5 September 2023 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co have been appointed as joint administrators.
Inter-American Federal Credit Union, Brooklyn, NY 03/08/2023 Closed
O. F. Toalston Federal Credit Union, Logan, WV 11/15/2022 Closed
Mingo County Education Federal Credit Union, Williamson, WV 11/15/2022 Closed
Paducah Teachers Federal Credit Union, Paducah, KY 09/30/2022 Closed
Empire Financial Federal Credit Union, New York, NY 03/04/2022 Closed
Portsmouth Schools Federal Credit Union, Portsmouth, VA 12/30/2021 Closed
C O Federal Credit Union, Charleston, SC 09/17/2021 Closed
Defense Logistics Federal Credit Union, Dover, NJ 07/01/2021 Closed
Indianapolis Newspaper Federal Credit Union, Indianapolis, IN 03/31/2021 Closed
IBEW Local Union 712 Federal Credit Union, Beaver, PA 05/29/2020 Closed
CBS Employees Federal Credit Union, Studio City, CA 03/29/2019 Closed
Radio, Television and Communication Federal Credit Union, Staten Island, NY 10/12/2018 Closed
LOMTO Federal Credit Union, Woodside, NY 09/30/2018 Closed
Melrose Credit Union, Briarwood, NY 08/31/2018 Closed
Greater Christ Baptist Church Credit Union, Detroit 07/31/2018 Closed
Louisville Metro Police Officers Credit Union, Louisville, Kentucky 06/29/2018 Closed
First Jersey Credit Union, Wayne, NJ 02/28/2018 Closed
St. Elizabeth’s Credit Union, Chicago 01/30/2018 Closed
Riverdale Credit Union, Selma, AL 12/04/2017 Closed
New York State Employees Federal Credit Union, NY 10/27/2017 Closed
Shreveport Federal Credit Union, Shreveport, LA 10/02/2017 Closed
Valley State Credit Union, Saginaw, MI 03/31/2017 Closed
Florida Conference AME Church (FCAMEC) Federal Credit Union, Tallahassee, FL 03/17/2017 Closed
First African Baptist Church Federal Credit Union, Sharon Hill, PA 11/29/2016 Closed
Servco Federal Credit Union, Bensalem, PA 04/05/2016 Closed
Cardozo Lodge Federal Credit Union, Bensalem, PA 04/05/2016 Closed
Chester Upland School Employees Federal Credit Union, Chester, PA 04/05/2016 Closed
Triangle Interests % Service Center Federal Credit Union, Bensalem, PA 04/05/2016 Closed
Electrical Inspectors Federal Credit Union, Bensalem, PA 04/05/2016 Closed
O P S EMP Federal Credit Union, Bensalem, PA 04/05/2016 Closed
Veterans Health Administration Credit Union, Detroit 03/29/2016 Closed
Education Associations Federal Credit Union, Washington, DC 03/04/2016 Closed
Mildred Mitchell-Bateman Hospital Federal Credit Union, Huntington, WV 02/24/2016 Closed
CTK Credit Union, Milwaukee 02/05/2016 Closed
First Hawaiian Homes Federal Credit Union, Hoolehua, HI 12/29/2015 Closed
Bethex Federal Credit Union, Bronx, New York 12/18/2015 Closed
Greater Abyssinia Federal Credit Union, Cleveland 12/01/2015 Closed
Helping Other People Excel Federal Credit Union, Jackson, NJ 11/20/2015 Closed
SWC Credit Union, Tampa, FL 09/24/2015 Closed
SCICAP Credit Union, Chariton, IA 08/28/2015 Closed
Lakeside Federal Credit Union, Hammond, IN 07/16/2015 Closed
Trailblazer Federal Credit Union, Washington, PA 07/10/2015 Closed
TLC Federal Credit Union, Tillamook, OR 04/30/2015 Closed
North Dade Community Development Federal Credit Union, Miami Gardens, FL 03/31/2015 Closed
American Bakery Workers Federal Credit Union, Philadelphia 01/30/2015 Closed
Health One Credit Union, Detroit 12/12/2014 Closed
Metropolitan Church of God Credit Union, Detroit 12/03/2014 Closed
County & Municipal Employees Credit Union, Edinburg, TX 10/10/2014 Closed
Republic Hose Employees Federal Credit Union, Youngstown, OH 09/30/2014 Closed
Louden Depot Community Credit Union, Fairfield, IA 09/05/2014 Closed
IBEW Local 816 Federal Credit Union, Paducah, KY 07/10/2014 Closed
Life Line Credit Union, Richmond, VA 05/23/2014 Closed
Mayfair Federal Credit Union, Philadelphia 03/31/2014 Closed
Parsons Pittsburg Credit Union, Parsons, KA 03/21/2014 Closed
St. Francis Campus Credit Union, Little Falls, MI 02/14/2014 Closed
Polish Combatants Credit Union, Bedford, OH 11/22/2013 Closed
Craftsman Credit Union, Detroit 09/06/2013 Closed
Taupa Lithuanian Credit Union, Cleveland. OH 07/15/2013 Closed
PEF Federal Credit Union, Highland Heights, OH 07/01/2013 Closed
Ochsner Clinic Federal Credit Union, New Orleans 06/28/2013 Closed
NCP Community Development Federal Credit Union, Norfolk, VA 05/31/2013 Closed
Electrical Workers #527 Federal Credit Union, Texas City, TX 05/23/2013 Closed
Lynrocten Federal Credit Union, Lynchburg, VA 05/03/2013 Closed
Shiloh of Alexandria Federal Credit Union, Alexandria, VA 04/12/2013 Closed
I.C.E. Federal Credit Union, Inglewood, CA 03/15/2013 Closed
Pepsi Cola Federal Credit Union, Buena Park, CA 03/15/2013 Closed
Amez United Credit Union, Detroit 02/19/2013 Closed
New Covenant Missionary Baptist Church Credit Union, Milwaukee 01/07/2013 Closed
Chetco Federal Credit Union, Harbor, OR 12/31/2012 Closed
Olean Federal Credit Union, Olean, NY 12/17/2012 Closed
G.I.C. Federal Credit Union, Euclid, OH 12/13/2012 Closed
Border Lodge Credit Union, Derby, VT 11/30/2012 Closed
Women’s Southwest Federal Credit Union, Dallas 10/31/2012 Closed
U.S. Central Bridge Corporate Federal Credit Union, Lenexa, KS 10/29/2012 Closed
El Paso’s Federal Credit Union, El Paso, TX 09/28/2012 Closed
United Catholic Credit Union, Temperance, MI 08/09/2012 Closed
A M Community Credit Union, Kenosha, WI 08/01/2012 Closed
Western Bridge Corporate Federal Credit Union, San Dimas, CA 07/06/2012 Closed
Telesis Community Credit Union, Chatsworth, CA 06/01/2012 Closed
Wausau Postal Employees Credit Union, Wausau, WI 05/18/2012 Closed
Shepherd’s Federal Credit Union, Charlotte, NC 03/26/2012 Closed
Saguache County Credit Union, Moffat, CO 03/23/2012 Closed
People for People Community Development Credit Union (CDCU), Philadelphia 02/19/2012 Closed
Eastern New York Federal Credit Union, Napanoch, NY 01/27/2012 Closed