When the NCUA places a credit union into conversatorship, members with uninsured deposits should quickly make account changes to ensure all their deposits are insured. The conservatorship and the liquidation of St. Paul Croatian FCU provide an example of this. During the conservatorship, several members of this credit union adjusted their accounts so that all of their deposits would be insured. In fact, the credit union called many members and warned them of uninsured deposits. However, they missed one member, the Holy Love Ministry Church, and consequently, the church lost their uninsured deposits when the credit union was liquidated. Now the church has filed a lawsuit against the NCUA. According to the Credit Union Times
Part of the church's complaint against the agency is the allegation that while other depositors were called into the credit union to adjust their accounts prior to the liquidation, the Church never received a call.