COPPER AND GLASS CLOSES; OMEGA FEDERAL CREDIT UNION ASSUMES LOANS, ASSETS, SHARES

States News Service

The following information was released by the National Credit Union Administration:

Member Deposits Remain Protected up to $250,000 by the Share Insurance Fund

Alexandria, VA (April 1, 2026) The National Credit Union Administration today liquidated Copper and Glass Federal Credit Union in Glassport, Pennsylvania.

OMEGA Federal Credit Union of Wexford, Pennsylvania, immediately assumed Copper and Glass Federal Credit Unions assets, member shares, and loans. OMEGA Federal Credit Union is a federally chartered credit union with 15,290 members and assets of $176.8 million, according to the credit unions most recent Call Report.

The new OMEGA Federal Credit Union members will experience no interruption in services, and accounts remain insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a members interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.

Members with questions about their accounts may contact OMEGA Federal Credit Union at 412.369.3800 between 8:00 a.m. and 4:30 p.m. on Monday, Wednesday, Thursday, between 9:00 a.m. and 4:30 p.m. on Tuesday, and between 8:00 a.m. and 6:00 p.m. on Friday. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage section of the NCUAs MyCreditUnion.gov consumer website.

The NCUA made the decision to liquidate Copper and Glass Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations. At the time of liquidation and subsequent purchase by OMEGA Federal Credit Union, Copper and Glass served 1,225 members and had assets of approximately $5.3 million, according to the credit unions most recent Call Report. Chartered in 1938, Copper and Glass Federal Credit Union served members of multiple occupational and associational groups and people who live, work, worship, or attend school in Allegheny County, Pennsylvania.