JACKSON AREA FEDERAL CREDIT UNION CONSERVED

The following information was released by the National Credit Union Administration:

Accounts remain protected by Share Insurance Fund; Member Services Uninterrupted

Alexandria, VA (May 6, 2026) ― The National Credit Union Administration (NCUA) today placed Jackson Area Federal Credit Union in Jackson, Mississippi into conservatorship. Member services will continue while NCUA works to resolve issues affecting the credit unions operations.

NCUA placed Jackson Area Federal Credit Union into conservatorship because of unsafe and unsound practices at the credit union.

Member deposits at Jackson Area Federal Credit Union remain protected by the National Credit Union Share Insurance Fund (Share Insurance Fund), which has the backing of the full faith and credit of the United States. Administered by NCUA, the Share Insurance Fund insures individual accounts at Jackson Area Federal Credit Union up to $250,000. A members interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects IRA and KEOGH retirement accounts up to $250,000.

Member services will continue uninterrupted at Jackson Area Federal Credit Unions main office at:

Jackson Area Federal Credit Union

5675 Hwy 18 W

Jackson, MS 39204

Jackson Area Federal Credit Union members can continue to conduct normal financial transactions, deposit and access funds, make loan payments, and use shares. The office is open from 8:00 a.m. to 4:30 p.m. Central. While continuing normal member services, the NCUA will work to resolve issues affecting the credit unions operations.

Members with questions about Jackson Area Federal Credit Union operations may contact the credit union at 601.922.7055. Members with questions about the conservatorship may review the Jackson Area Federal Credit Union frequently asked questions posted on the NCUAs website. Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage section of the NCUAs MyCreditUnion.gov consumer website.

Jackson Area Federal Credit Union is a federally insured, federally chartered credit union with 15,561 members and reported assets of $162,360,956 according to its recent Call Report. Jackson Area Federal Credit Union serves employees of the City of Jackson, Mississippi, as well as employees and elected or appointed officials of Hinds County, Mississippi. In the early 1990s, the credit union began expanding its field of membership and now serves 38 distinct groups, primarily composed of local government employees.