Former U.S. Central Bridge Attorney Moves to Florida firm.
Mark the calendar: The NCUA aims to turn off the lights at the conserved U.S. Central Bridge no later than Dec. 31, 2012, and now it has announced the specifics of its plan.
With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.
Many U.S. Central services will have new requirements starting Jan. 12, while wires will be discontinued as of March 30 and automated settlement transactions will be discontinued as of May 31.
U.S. Central and the NCUA have retained the services of Prairie Village, Kan.-based Michael Shirley Associates; and, according to a representative for the firm, the regulator expects the institution to survive corporate restructuring.