The National Credit Union Administration (NCUA) has liquidated Soul Community Federal Credit Union, located in Austell, Georgia. The decision to close the credit union was made after it was found to be insolvent and in violation of several provisions of the Federal Credit Union Act and NCUA regulations. These violations included operating in an unsafe and unsound manner.
Member deposits remain protected by the National Credit Union Share Insurance Fund up to at least $250,000. The NCUA's Asset Management and Assistance Center will communicate with individuals holding verified credit union share accounts within a week. Members with questions can contact the center at 1.877.715.0777 or 512.231.7940 or via email at amacmail@ncua.gov.
For further inquiries about insurance coverage, members can reach out to the NCUA’s Consumer Assistance Center toll-free at 1.800.755.1030 during business hours from Monday to Friday or visit MyCreditUnion.gov for more information.
Soul Community Federal Credit Union was chartered in 2024 and primarily served people living, working, worshipping, studying, and participating in various programs in Austell, Georgia.
The NCUA is an independent federal agency responsible for regulating, chartering, and supervising federal credit unions in the United States. It manages the National Credit Union Share Insurance Fund that insures deposits for over 135 million account holders across federal credit unions and most state-chartered credit unions.
For media inquiries, contact OEACmail@ncua.gov or call 703.518.6330.