In an amazing turn of events, apparently there are a few regulators still employed in the US government as People Trust Community Federal Credit Union was conserved by the NCUA tonight.
What has this author wondering is why?
The only news (via the Credit Union Times) was this:
At the end of the third quarter, People Trust Community Federal Credit Union (PTCFCU) reported a loss of $356,506. During the same period, 13% of its loans were delinquent, compared to peer averages of 1.70%. Delinquent loans plus net charge-offs to average loans stood at 30%, compared to a 2.30% peer average, according to NCUA financial performance reports.
PTCFCU’s equity dropped from $411,266 in September 2024 to $67,153 in September 2025, the reports showed.
There are no stories about fraud in the local Arkansas newspapers the last two years. No hints of instability in the credit union news sources so one has to under if actual by God audits might have been fired up again, resulting in this failure.
From the NCUA website:
Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted
ALEXANDRIA, VA (January 16, 2026) – The National Credit Union Administration today placed People Trust Community Federal Credit Union in North Little Rock, Arkansas, into conservatorship. Member services will continue while NCUA works to resolve issues affecting the credit union’s operations.
NCUA placed People Trust Community Federal Credit Union into conservatorship because of unsafe and unsound practices at the credit union.
Member deposits at People Trust Community Federal Credit Union 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 People Trust Community Federal Credit Union up to $250,000. A member’s 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 Arkansas Federal Credit Union’s (AFCU’s) branch located at:
Arkansas Federal Credit Union
17500 Cantrell Rd.,
Little Rock, AR 72223People Trust Community members can continue to conduct normal financial transactions, deposit and access funds, make loan payments, and use shares. The AFCU lobby is open Monday through Friday from 9:00 a.m. to 5:00 p.m. No drive through service will be available for People Trust Community member transactions.
Members with questions about People Trust Community Federal Credit Union’s operations may contact the credit union at 571-645-6232. Members with questions about the conservatorship may review the People Trust Community Federal Credit Union frequently asked questions posted on the NCUA’s website. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage (Opens new window) section of the NCUA’s MyCreditUnion.gov (Opens new window) consumer website.
People Trust Community Federal Credit Union is a federally insured, federally chartered credit union with 1,796 members and assets of $3,276,409 according to the credit union’s most recent Call Report. People Trust Community Federal Credit Union serves Pulaski and Saline Counties in Arkansas.
Hopefully no one was foolish enough to keep more than $250,000 in this institution. The big question is this a start of another wave of actual regulatory enforcement or just a one off with more news to break in the days ahead.
Or maybe PTCFCU just put all their money into shorting silver, who the hell knows.
