JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.
Ask corporate credit union senior executives what keeps them up at night and for many, it’s whether they can grow their business.
At its recent annual meeting, the $4.2 billion Corporate One Federal Credit Union of Columbus, Ohio revealed two re-elections and one newly elected member to its board of directors.
The Western Bridge Corporate Charter Committee has elected a seven-member board of directors and a three-person supervisory committee.
Accept this reality: How corporate credit unions were will not be again, at least not soon.
Columbus, Ohio, corporate names local CEO as its new chair.
New regs leave out membership limits, expense sharing for corporate rescues.
NCUA board not expected to give nod to corporate membership limits, rescue expense sharing in final rule vote today.
The NCUA is telling members of three bridge corporate credit unions to “carefully evaluate” options after reading the capitalization plans.
"I strongly urge all credit union executives to support the corporate credit union model," says the Northwest CU Association chairman.