Many worried credit union eyes now are on July 1, the date when the NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That looming price hike has triggered a quick rush to the exits as corporates and their members race for alternatives.
As discussion of the impacts of NCUA’s recent memo outlining termination dates for various services offered by U.S. Central Bridge grows in the industry, one deadline has generated heated discussion–and worries–on the part of some credit union leaders. That is auto settlement, a comparatively obscure wholesale settlement service where U.S....
Mark the calendar: The NCUA aims to turn off the lights at the conserved U.S. Central Bridge no later than Dec. 31, 2012, and now it has announced the specifics of its plan.
With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.
Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.
Can members help drive the innovation corporate credit unions will need to stay relevant in a new century of financial services?
Merged Southwest Bridge-Georgia Corporate now operating as Texas-based Catalyst with 882 credit union members.
Georgia Corporate board vote schedule on Wednesday; final step needed before Sept. 6 opening.
The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
New corporate from merger of Southwest Bridge and Georgia Corporate to launch on Sept. 6.