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If you don't have a national charter, you're not a member of that fraternity that closed. So ---You were initiated into a campus-recognized local. You're free to join another fraternity or keep going with your local or start up an interest group to bring the national fraternity (or another nat'l) to campus.
Personally, I think it is a hell of a lot easier to rush and join an existing fraternity. In 5 years, no one will give a darn that you worked your tail off for a GLO. A service group or Student Gov't is more presentable on a resume and looks much better. Enjoy your fraternity experience, but don't kill yourself over it (figuratively speaking of course).
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Click here for some helpful information about sorority recruitment and recommendations.
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