NCUA Issues Letter to CUs on Transition of U.S. Central Bridge FCU’s ACH Services

Posted by Marissa Anema Friday, June 22, 2012 11:03:00 AM

 

ALEXANDRIA, Va. – On Thursday, the NCUA issued a letter to federally insured credit unions giving an update on transitioning U.S. Central Bridge Corporate Federal Credit Union Automated Clearing House (ACH) Services. According to the letter, the orderly wind-down of payment services is progressing well, with all 18 corporate credit unions that utilize U.S. Central Bridge ACH services, along with The Members Group, having finalized transition plans. Several have already completed successful transitions to new ACH providers.

The letter also provides answers to key questions from corporate credit union members regarding how their corporate credit union is affected, when the transition will be completed, and the status of other services provided by U.S. Central Bridge. 

The letter can found by clicking here

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