Copper & Glass Federal Credit Union Liquidated; OMEGA Federal Credit Union Assumes Accounts

NCUA Press Releases

Filed April 1st, 2026

Detected April 2nd, 2026

Summary

The NCUA liquidated Copper & Glass Federal Credit Union in Glassport, Pennsylvania after determining it was insolvent with no prospect for viable operations. OMEGA Federal Credit Union of Wexford, Pennsylvania assumed all assets, loans, and member shares. The 1,225 members of the closed credit union transitioned to OMEGA with no interruption in services.

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What changed

NCUA exercised its regulatory authority under the Federal Credit Union Act to liquidate Copper & Glass Federal Credit Union effective April 1, 2026. At the time of liquidation, Copper & Glass had approximately $5.3 million in assets and served 1,225 members. OMEGA Federal Credit Union, with $176.8 million in assets and 15,290 members, immediately assumed all loans, assets, and member shares. This action was taken after NCUA determined the credit union was insolvent and could not be restored to viable operations.

Former Copper & Glass members should contact OMEGA Federal Credit Union at 412.369.3800 to confirm their accounts have transferred and to access services. All member deposits remain protected up to $250,000 by the NCUA's Share Insurance Fund, which has the full faith and credit of the United States. This is a routine supervisory action with no compliance requirements for other regulated entities.

Source document (simplified)

Copper & Glass Closes; OMEGA Federal Credit Union Assumes Loans, Assets, Shares

April 2026 Copper & Glass Closes; OMEGA Federal Credit Union Assumes Loans, Assets, Shares

Member Deposits Remain Protected up to $250,000 by the Share Insurance Fund

Alexandria, VA (April 1, 2026) – The National Credit Union Administration today liquidated Copper & Glass Federal Credit Union in Glassport, Pennsylvania.

OMEGA Federal Credit Union of Wexford, Pennsylvania, immediately assumed Copper & Glass Federal Credit Union’s assets, member shares, and loans. OMEGA Federal Credit Union is a federally chartered credit union with 15,290 members and assets of $176.8 million, according to the credit union’s most recent Call Report.

The new OMEGA Federal Credit Union members will experience no interruption in services, and accounts remain insured by the National Credit Union Share Insurance Fund. Administered by NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund 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.

Members with questions about their accounts may contact OMEGA Federal Credit Union at 412.369.3800 between 8:00 a.m. and 4:30 p.m. on Monday, Wednesday, Thursday, between 9:00 a.m. and 4:30 p.m. on Tuesday, and between 8:00 a.m. and 6:00 p.m. on Friday. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage section of the NCUA’s MyCreditUnion.gov consumer website.

The NCUA made the decision to liquidate Copper & Glass Federal Credit Union and discontinue operations after determining the credit union was insolvent and had no prospect for restoring viable operations. At the time of liquidation and subsequent purchase by OMEGA Federal Credit Union, Copper & Glass served 1,225 members and had assets of approximately $5.3 million, according to the credit union’s most recent Call Report. Chartered in 1938, Copper & Glass Federal Credit Union served members of multiple occupational and associational groups and people who live, work, worship, or attend school in Allegheny County, Pennsylvania.

Liquidation Notice to Creditors of Copper and Glass Federal Credit Union

The NCUA was created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the Share Insurance Fund, insuring the deposits of more than 145 million account holders in all federal credit unions and most state-chartered credit unions.

Last modified on

04/01/26