A Jackson Area FCU Fraud Saga Newsroom Check-in

By Natasha Chilingerian
Podcast
October 19, 2026 at 07:37 AM
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It's safe to say that the embezzlement scandal involving Mississippi's Jackson Area Federal Credit Union – which has been liquidated by the NCUA, with the Dothan, Ala.-based Five Star Credit Union assuming its member share accounts and purchasing some of its assets – has been the story of the year for CU Times, not to mention one of the biggest fraud cases to ever hit the credit union industry.

In this episode of Shared Accounts With CU Times, you'll have the opportunity to listen in on a candid newsroom discussion with Senior Reporters Peter Strozniak and Jim DuPlessis, who have been covering every twist and turn of this story since May 2026. We look back at how the story first unfolded and share our reactions to some of the most shocking details that came to light, including how former JAFCU CEO Leigh Bridges concealed her theft and the luxurious lifestyle she and her husband Chad lived thanks to the more than $95 million that was reportedly stolen over the course of decades. We also discuss how the scheme could have gone undetected for so long and what that says about operations at the NCUA, and recent developments concerning Leigh Bridges' criminal charges and guilty plea.

Credit union professionals and true-crime junkies alike are sure to enjoy this special conversation about this, for lack of a better word, unprecedented fraud story whose true costs to the industry have yet to be revealed.

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