United Resources Post-Mortem
Reactions to the failure of United Resources to capitalize have been plentiful, as the credit union universe digests what it means that some 885 natural person credit unions are looking at the shutdown of the corporate where they do business.
First things first: NCUA immediately stepped up, promising no service interruptions for current customers of Western Bridge, the conserved institution intended to serve as the stepping stone into United Resources. Western Bridge will shutter but, assured NCUA, there is no rush. Best guesses from outsiders are that the process of winding down Western Bridge will take one year.