Bank Branches › Closed and merged banks › Arizona › Universal Savings and Loan Association
What happened to Universal Savings and Loan Association?
Universal Savings and Loan Association in Scottsdale, AZ was merged into Universal Savings and Loan Association, A Federal Savings and Loan Assoc of Scottsdale, AZ with federal assistance on May 25, 1988. The chain runs 2 steps further and ends with no operating bank.
The chain, step by step
From the day it opened to the last entry on record. Each step is one entry in the FDIC's record.
- 1979Universal Savings and Loan Association opens in Scottsdale, AZ
- May 25, 1988ASSISTED MERGERUniversal Savings and Loan Association was merged into Universal Savings and Loan Association, A Federal Savings and Loan Assoc of Scottsdale, AZ with federal assistance.FDIC certificate 32034 ends; its business continues under certificate 32585.
- Jan 26, 1990RESOLVEDUniversal Savings and Loan Association, A Federal Savings and Loan Assoc of Scottsdale, AZ was closed in a federal resolution, and its business passed to First Arizona Savings and Loan Association of Scottsdale, AZ.FDIC certificate 32585 ends; its business continues under certificate 32582. The FDIC's failure list dates the failure Feb 17, 1989.
- Oct 22, 2010FAILEDFirst Arizona Savings and Loan Association (by then renamed First Arizona Savings, A FSB) of Scottsdale, AZ failed and was closed. No bank took it over; insured depositors were paid directly.FDIC certificate 32582 ends.
- NO SUCCESSOR BANK
The FDIC record ends here. No operating bank carries this charter today.
If you still have something from Universal Savings and Loan Association
A lien that was never released
Universal Savings and Loan Association, A Federal Savings and Loan Assoc failed on Feb 17, 1989, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, First Arizona Savings and Loan Association).
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 32034 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.