Fourteen corporate credit unions have submitted a plan to NCUA to buy a range of assets of US Central Bridge, including payment services, products and other services.
A source involved in the transaction said that continuing these services is "essential. This will provide continuity of service, without interruption, to credit unions that depend on these services."
Additional details about the offer–such as dollar amounts and the possible form of the new entity that would own and operate the services–have not been released.
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