And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
Commitment from hundreds of small credit unions pushed new corporate over the top.
New corporate would be successor to Members United Bridge if NCUA approves.
Motorola Employees CU CEO says he's confident Alloya will reach capital commitment goal by Aug. 31 deadline.
Corporate credit union universe now focused on Alloya, the new corporate attempting to rise out of Members United Bridge.
Chair of corporate's chartering group says $53 million of $70 million committed so far.
Sundie Seefried , the CEO of Partner Colorado Credit Union, is sick of it and made it plain that she for one is not going to take the blame for hurting small credit unions.