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NCUA Announces Plans to Assure “Uninterrupted Service” From US Cental Bridge

NCUA seeks to reassure on US Central Bridge.

By Robert McGarvey | Updated on September 02, 2011

Moving swiftly on the heels of the announced failure to form a new payments corporate out of US Central Bridge, the NCUA has announced its activation of “contingency plans” to keep payments smoothly flowing within the corporates universe.

“NCUA will look to alternative resolution plans to facilitate the orderly transition of member services to other service providers,” said Scott Hunt, acting as agent for the conservator of US Central Bridge. “While we have a fiduciary duty to achieve the least, long-term cost resolution of U.S. Central Bridge, we remain committed to minimizing disruption to its corporate members, and in turn, natural person credit unions and American consumers.”

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