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U.S. Central Formally Gone, Liquidity Rule Comments Under Review

NCUA declares three-year corporate system rescue effort complete.

By Marc Rapport | Updated on October 30, 2012

Once the largest of corporate credit unions, U.S. Central is officially dead and gone, and the NCUA declared its work in stabilizing the corporate credit union sector now complete.

The NCUA on Monday said it has formally closed U.S. Central Bridge – the stopgap entity it created after the collapse of five major corporates in 2009 – following a months-long transitioning its correspondent and other services to other providers.

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