Western Bridge Task Force Recommends Recapitalization
The Western States Corporate Realignment Task Force–formed to help decide the fate of Western Bridge–recently issued its report and recommendations about how to go forward in reconstructing the corporate FCU.
The task force restated that “the most viable and financially responsible option” would be a merger of Western Bridge and Members United Bridge. Recent NCUA policy statements against Tier 1 corporate mergers in particular took that option off the table. However, the task force stated, “NCUA should place less emphasis on the systemic risk of ‘too big to fail’ among corporates and greater weight on whether corporates are ‘too small to succeed.’”