WEDEVELOPMENT FEDERAL CREDIT UNION CONSERVED

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

Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted

Alexandria, VA (July 10, 2026) The National Credit Union Administration (NCUA) today placed WeDevelopment Federal Credit Union (FCU) in Kansas City, Missouri, into conservatorship. Member services will continue while NCUA works to resolve issues affecting the credit unions operations.

NCUA placed WeDevelopment FCU into conservatorship because of unsafe and unsound practices at the credit union.

Member deposits at WeDevelopment FCU remain protected by the National Credit Union Share Insurance Fund, which has the backing of the full faith and credit of the United States. Administered by NCUA, the Share Insurance Fund insures individual accounts at WeDevelopment FCU up to $250,000. A members interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects IRA and KEOGH retirement accounts up to $250,000.

Member services will continue uninterrupted at WeDevelopment FCUs main office at:

WeDevelopment FCU

3123 Prospect Avenue

Kansas City, MO 64128

WeDevelopment FCU 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 9 a.m. to 5 p.m. Central. While continuing normal member services, NCUA will work to resolve issues affecting the credit unions operations.

Members with questions about WeDevelopment FCU operations may contact the credit union at 816.266.1003. Members with questions about the conservatorship may review the WeDevelopment FCU frequently asked questions posted on NCUAs website. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage section of NCUAs MyCreditUnion.gov consumer website.

WeDevelopment FCU is a federally insured, federally chartered credit union with 933 members and reported assets of $2.63 million according to the credit unions recent Call Report. WeDevelopment FCU serves underserved communities within 57 census tracts in Jackson County, Missouri.