The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
It now looks like it could take until the third quarter for the Iowa Credit Union League, its processing affiliate and the National Cooperative Bank of Washington to finalize a plan to dissolve Iowa Corporate Central Credit Union and morph its correspondent services into the bank.
That tri-fold plan now nearly seven months old hatched by the Iowa Credit Union League, its processing affiliate and the $84 million Iowa Corporate Central of Des Moines to dissolve the corporate and fold its processing business into an entity run by the National Cooperative Bank of Washington remains on...
With its corporate planning a wind down in 2011, Iowa credit unions took the first step last week in confronting the fallout from NCUA's corporate restructuring by signing a preliminary
One of the nation's smallest corporates, the $100 million Iowa Corporate Central CU of Des Moines, is about to end its operations possibly by yearend with correspondent services shifted to the National Cooperative Bank of Washington.