No. A liquidation is a very expensive, legalistic process. The liquidators can more or less set their own fees - subject to the court approval.So basically you're recommending a liquidation!
An orderly wind down, is where the board stays in control.
They stop lending.
They continue collecting in the old loans.
They repay the shares.
What will be left after all that will be a few difficult loans which they can then transfer to another credit union to collect or write off.
It's not that different from any other business. If you decide that your business is no longer viable, you should decide it early on and wind it down, rather than apply a lot of the remaining assets to paying liquidators' fees.
And the liquidator of a credit union will find it very hard to recover some of the loans. Many of the customers will use it as an excuse not to pay.