About: U.S. Central Credit Union

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U.S. Central Federal Credit Union (commonly abbreviated as USCU and USFCU) was the largest corporate credit union in the United States. Unlike consumer driven credit unions (referred to as "natural person" credit unions in the industry), U.S. Central provided its services only to other corporate credit unions, in effect acting as the "corporate credit union's credit union". The organization was founded in 1974. The organization had to be shut down in 2009 as a result of the 2008 financial crisis. Eventually, Credit Suisse was forced to pay $400 million to resolve claims that it sold faulty mortgage-backed securities to U.S. Central Federal Credit Union.

Attributes	Values
rdf:type	Thing company schema:BankOrCreditUnion schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise yago:WikicatBanksEstablishedIn1974 yago:WikicatCreditUnionsOfTheUnitedStates yago:Abstraction100002137 yago:CommercialEnterprise108065093 yago:Cooperative101100877 yago:CreditUnion108234628 yago:DepositoryFinancialInstitution108420278 yago:Enterprise108056231 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity bank organisation yago:SocialGroup107950920
rdfs:label	U.S. Central Credit Union (en)
rdfs:comment	U.S. Central Federal Credit Union (commonly abbreviated as USCU and USFCU) was the largest corporate credit union in the United States. Unlike consumer driven credit unions (referred to as "natural person" credit unions in the industry), U.S. Central provided its services only to other corporate credit unions, in effect acting as the "corporate credit union's credit union". The organization was founded in 1974. The organization had to be shut down in 2009 as a result of the 2008 financial crisis. Eventually, Credit Suisse was forced to pay $400 million to resolve claims that it sold faulty mortgage-backed securities to U.S. Central Federal Credit Union. (en)
foaf:name	U.S. Central (en)
foaf:homepage	https://web.archive.org/web/20050826160317/http:/www.uscentral.coop/ https://web.archive.org/web/20050826160317/http://www.uscentral.coop/
name	U.S. Central (en)
foaf:depiction
dcterms:subject	Credit unions of the United States Banks established in 1974
Wikipage page ID	2905248 (xsd:integer)
Wikipage revision ID	1035153407 (xsd:integer)
Link from a Wikipage to another Wikipage	Credit unions of the United States United States Credit Suisse Electronic funds transfer Conservatorship Corporate credit union Lenexa, Kansas Credit unions Financial crisis of 2007–2008 Banks established in 1974 Central bank Kansas Financial services National Credit Union Administration NCUA Corporate Stabilization Program
Link from a Wikipage to an external page	https://web.archive.org/web/20050826160317/http:/www.uscentral.coop/
sameAs	U.S. Central Credit Union U.S. Central Credit Union U.S. Central Credit Union U.S. Central Credit Union
dbp:wikiPageUsesTemplate	dbt:Infobox_company dbt:Reflist dbt:Start_date dbt:2008_economic_crisis dbt:US-finance-company-stub
thumbnail	wiki-commons:Special:FilePath/Usc_logo_sm_cu.jpg?width=300
assets	2.7116E10 (usDollar)
fate	Defunct, after being placed into conservatorship (en)
homepage	https://web.archive.org/web/20050826160317/http:/www.uscentral.coop/
industry	Financial services
key people	François G. Henriquez, II, (President & CEO) (en)
location city	Lenexa, Kansas Kansas
location country	United States
logo	Usc logo sm cu.jpg (en)
logo size	180 (xsd:integer)
type	Corporate credit union
has abstract	U.S. Central Federal Credit Union (commonly abbreviated as USCU and USFCU) was the largest corporate credit union in the United States. Unlike consumer driven credit unions (referred to as "natural person" credit unions in the industry), U.S. Central provided its services only to other corporate credit unions, in effect acting as the "corporate credit union's credit union". The organization was founded in 1974. The organization had to be shut down in 2009 as a result of the 2008 financial crisis. Eventually, Credit Suisse was forced to pay $400 million to resolve claims that it sold faulty mortgage-backed securities to U.S. Central Federal Credit Union. U.S. Central did not serve consumers directly, a role fulfilled by consumer credit unions, it was instead established to serve the credit union industry by providing opportunities for investments through government approved instruments and providing liquidity (credit) needs to regional and state corporate credit unions which need them. U.S. Central also provided other industry standard services such as payment systems, electronic funds transfer services and item processing. The organization also provided economic services and forecasts specific to the credit union industry. Many of its operations and services paralleled that of a central bank, except it serves corporate credit unions rather than commercial banks. U.S. Central Federal Credit Union was located in Lenexa, Kansas. In January 2009, the National Credit Union Administration injected $1 billion into U.S. Central. On March 20, 2009, NCUA placed U.S. Central Credit Union into conservatorship. The NCUA was unable to obtain a buyer for the services and began winding down its operations. The credit union was officially shut down October 29, 2012. (en)
gold:hypernym	Union
prov:wasDerivedFrom	wikipedia-en:U.S._Central_Credit_Union?oldid=1035153407&ns=0
page length (characters) of wiki page	4252 (xsd:nonNegativeInteger)
assets ($)	2.7116E10 (usDollar)
fate	Defunct, after being placed intoconservatorship (en)
founding year	1974-01-01 (xsd:gYear)
industry	Financial services
type	Corporate credit union
foaf:isPrimaryTopicOf	wikipedia-en:U.S._Central_Credit_Union
is Link from a Wikipage to another Wikipage of	List of banks acquired or bankrupted in the United States during the financial crisis of 2007–2008 List of cooperatives List of credit unions in the United States Corporate credit union Credit unions in the United States USCU NCUA Corporate Stabilization Program U.S Central Credit Union U. S. Central Credit Union US Central Credit Union U S Central Credit Union United States Central Credit Union
is Wikipage redirect of	U.S Central Credit Union U. S. Central Credit Union

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