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NCUA's $95M Fraud Suit Fallout Continues as Mississippi Fires Chad Bridges

By Peter Strozniak

Court documents show the defendant's former employer, Mississippi's Insurance Department, has been aware of the lawsuit since May 29.

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AmCU Rides to Primary Victories With Five Republicans

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Credit Union Board Modernization Advances in Bipartisan Housing Package

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Regulatory & Compliance Stories

June 16, 2026

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NCUA Adds Former Jackson Area FCU Branch Manager to $95 Million Fraud Lawsuit

Amended lawsuit says stolen funds were used to finance luxuries for Leigh Bridges' best friend and employee Tina Funez, including a house on a Caribbean island.

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June 16, 2026

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CFPB Rescinds Guidance on Special Purpose Credit Programs

Move aligns with the new Regulation B rule limiting the use of race and sex in lending eligibility decisions.

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June 16, 2026

Credit Unions Back Treasury Push to End Paper Checks, Expand Electronic Payments

America's Credit Unions also applauds new FinCEN guidance aimed at improving fraud information sharing among financial institutions.

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June 15, 2026

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Husband of Former Jackson Area FCU CEO Placed on Leave From Regulator Position

The news about Chad Bridges, who served at Mississippi's Insurance Department, comes on the heels of the NCUA's $95M fraud lawsuit against him and wife Leigh.

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