NCUA Places Pomona Postal Federal Credit Union Into Conservatorship

ALEXANDRIA, Virginia, Nov. 6 -- The National Credit Union Administration issued the following news release on Nov. 5, 2021:

The National Credit Union Administration today placed Pomona Postal Federal Credit Union in Pomona, California, into conservatorship.

Member deposits at Pomona Postal Federal Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, the Share Insurance Fund insures individual accounts at Pomona Postal Federal Credit Union up to $250,000, and a member's interest in all joint accounts combined up to $250,000. The Share Insurance Fund also 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.

Member services will continue uninterrupted at the credit union's office at 437 West Center Street, Pomona, California. Members can continue to conduct normal financial transactions, deposit and access funds, make loan payments, and use shares. The office is open Monday through Friday from 8:30 a.m. to 4:30 p.m. Pacific.

Members with questions about Pomona Postal Federal Credit Union's operations may contact the credit union at 909.629.3415. Members with questions about the conservatorship may review the Pomona Postal Federal Credit Union's conservatorship frequently asked questions posted on the NCUA's website (https://www.ncua.gov/newsroom/press-release/2021/ncua-places-pomona-postal-federal-credit-union-conservatorship/pomona-postal-federal-credit-union-conservatorship-faqs). They can also contact the NCUA's Consumer Assistance Center at 800.755.1030, Monday through Friday, 8 a.m. to 5 p.m. Eastern.

Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage (https://www.mycreditunion.gov/share-insurance) section of NCUA's MyCreditUnion.gov (https://www.mycreditunion.gov/) consumer website. They can also contact the NCUA's Consumer Assistance Center (https://www.mycreditunion.gov/consumer-assistance-center).

Pomona Postal Federal Credit Union is a federally insured credit union with 717 members and $4.2 million in assets, according to the credit union's most recent Call Report. Pomona Postal Federal Credit Union provides financial services to people working for the Pomona Post Office, located in Pomona, California.