Problems at corporate credit unions aren't driving a mass exodus of members seeking other providers.

Even some of the wholesale credit unions' biggest critics, like 1st Valley Credit Union president/CEO and Western Corporate FCU plaintiff Gregg Stockdale, aren't jumping ship yet.

"We're in the middle of a data conversion, and I'm not going to address it until we have our new data processor in place," Stockdale said. "Besides, it's not like I have any capital still tied up at WesCorp. I don't have the pressure of a three-year notice."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.