correspondent services

• ProDraft Services 'Doing OK' as Corporates Alternative

  By Robert McGarvey  |  January 3, 2012

  North Dakota CUSO executive says it has "around 50" customers, expecting more soon.

• Montana-Kansas Corporate Merger Approved

  By Marc Rapport  |  December 14, 2011

  Treasure State to be merged into Kansas Corporate effective Jan. 1, NCUA says.

• Letter: Too Big to Fail Corporates Will Lead to Industry Troubles

  By Douglas C. Wolf  |  December 4, 2011

  I have read with great interest recent articles on corporate credit union mergers and NCUA’s seemingly reversal of its “too big to fail” stance.

• Scoring the Corporate Credit Unions: Who Is Left Standing?: Online Only

  By Robert McGarvey  |  August 29, 2011

  The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?

• Is Western Bridge Falling Down?

  By Robert McGarvey  |  August 24, 2011

  It is countdown to an Aug. 31 deadline for United Resources, the new corporate that may rise out of Western Bridge, but there are plenty of signs that credit unions are looking for alternatives as the evidence mounts that the capital goal will not be reached.

• NCB, TMG in Deal for Correspondent Services to Iowa Credit Unions

  By Robert McGarvey  |  August 10, 2011

  The Members Group turns to NCB to fill in for waning Iowa Corporate Central Credit Union.

• CenCorp Completes Capital Offering

  By Robert McGarvey  |  July 8, 2011

  Central Corporate CU hits its PCC goal

• Texas Dow Employees Credit Union Tabs Corporate One As Its Partner

  By Robert McGarvey  |  June 27, 2011

  TDECU cites Ohio corporate's pricing, risk mitigation and "they protect their members."

• Midwest Corporate Liquidates

  By Robert McGarvey  |  June 7, 2011

  North Dakota-based Midwest Corporate has shut its doors, choosing to liquidate rather than attempt to meet toughened NCUA financial yardsticks.

• Pay to Play: Comparing Capitalization Requirements

  By Robert McGarvey  |  June 6, 2011

  Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.