Jackson Area Federal Credit Union Conservatorship Frequently Asked Questions

Yes, member accounts at Jackson Area Federal Credit Union remain safe and fully insured up to the maximums established in federal law.

Administered by the National Credit Union Administration, the National Credit Union Share Insurance Fund insures member accounts owned by an individual for up to $250,000, and a member’s 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. The Share Insurance Fund has the backing of the full faith and credit of the United States.

The NCUA’s online Share Insurance Estimator allows credit union members to estimate their share insurance coverage. Once you provide the required data, the Share Insurance Estimator produces a report with a detailed explanation of insurance coverage.

Members with additional questions about their insurance coverage may contact the National Credit Union Administration’s Consumer Assistance Center toll free at 800.755.1030. The call center is available Monday through Friday between 8 a.m. and 5 p.m. Eastern.

You can visit the Share Insurance Coverage page of the NCUA’s MyCreditUnion.gov consumer website at any time for more information about insurance coverage.

The NCUA placed Jackson Area Federal Credit Union into conservatorship on May 6, 2026.

In conservatorship, the NCUA’s priority is to protect the assets of the members of Jackson Area Federal Credit Union while working to maintain safe-and-sound credit union operations.

The NCUA is an independent agency of the federal government that, among other things, operates and manages the Share Insurance Fund, which insures accounts at all federally insured credit unions, including Jackson Area Federal Credit Union.

A conservatorship means the NCUA has assumed control of Jackson Area Federal Credit Union to ensure its financial stability and safe-and-sound operation. In a conservatorship, the NCUA works to address issues related to a credit union’s operations and financial condition while maintaining member services.

Yes. Member services at Jackson Area Federal Credit Union will continue uninterrupted; members will have continued access to their funds and members services.

Members may contact Jackson Area Federal Credit Union by telephone at 601.922.7055 or in person at the credit union’s main office located at 5675 Hwy 18 W, Jackson, MS 39204 from Monday through Friday from 8:00 a.m. to 4:30 p.m.

Through a conservatorship, the NCUA seeks to resolve operating issues at the credit union with the goal of protecting member assets and seeking a resolution to identified problems. The NCUA has made no decisions about the long-term future of the credit union; however, continued service to members is a priority.

In working to resolve issues affecting Jackson Area Federal Credit Union, NCUA’s top priority is to protect the interests of the credit union’s members. The NCUA has no set timeframe for completing this resolution process.

Jackson Area Federal Credit Union serves 15,651 members, according to its most recent Call Report.

The credit union reported approximately $162.3 million in assets as of December 31, 2025.

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.