There has been recent news about the conservatorship of U.S. Central Credit Union and Wescorp by the National Credit Union Administration.


BrightStar Credit Union is monitoring the situation, but members can rest assured that your accounts and service at BrightStar will not be impacted.


BrightStar remains financially healthy and strong--and will be largely unaffected by these recent developments. While the NCUA’s Corporate Stabilization Program will create additional expenditures for the Credit Union, BrightStar is well capitalized. We have historically made sound lending and investment decisions. We have manageable delinquency and charge-off ratios, and we have made no sub-prime mortgage loans resulting in very few foreclosures.


In addition, member savings are federally insured to at least $250,000 through the National Credit Union Administration and backed by the full faith and credit of the United States Government. The trust you have in your credit union is well placed—BrightStar has been a safe haven for members for more than 60 years—and we expect to continue to be so in the future.