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.
Hockey icon Wayne Gretzky had the right strategy when it came to outwitting his opponents on the ice.
Which way to the exits?
More details about business after United Resources.
As the financial services industry has become more competitive, credit unions have been caught up in it. At times the cooperative spirit seems to be dying on the vine. Then something comes along and sparks your internal feel-good receptors for the cooperative, not-for-profit credit union spirit.
Problems at corporate credit unions aren't driving a mass exodus of members seeking other providers.
Corporate credit unions losses aren't driving a mass exodus of members to seek alternatives.