Company Information

Get to know U.S. Central

U.S. Central Federal Credit Union (USC) was a federally chartered corporate credit union that served as the central liquidity and payment facility for the U.S. credit union system. Its mission was to provide wholesale financial services, investment options, and payment systems to its members, which were the regional and state-level corporate credit unions. During the 2008 financial crisis, USC suffered catastrophic losses from its investments in private-label mortgage-backed securities. As a result, the National Credit Union Administration (NCUA) placed it into conservatorship in March 2009 and subsequently liquidated the institution in October 2012.

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Financial Other Service

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U.S. Central

United States

Founded in

1974 (52 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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DFSA

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.