ATLANTIC CITY, N.J. -- While it's still in the works, the plan for potentially recapitalizing corporate credit unions will likely have a built-in fail-safe for credit unions wary of recapitalization.
The decision-making process began in earnest last week among credit union managers and the leaders of state leagues on the next step in dealing with possible alternate vendors for wholesale services as a result of the corporate seizures.
ATLANTIC CITY, N.J. - Corporate One CEO Lee Butke and Mid-Atlantic CEO Jay Murray took heated questions from the floor at the New Jersey Credit Union League's Annual Conference here.
ATLANTIC CITY, N.J. - While it's still in the works, the plan for potential corporate recapitalization is expected to have a built-in fail-safe.
Although it was not ready to name the 12 members of its "Next Steps" corporate working group at press time, CUNA officials did say it will include several members of its corporate credit union task force, as well as some new selections.
Corporate One Federal Credit Union has begun offering investment products and other securities-related services from Pleasant Ridge, Mich.-based broker-dealer Multi-Bank Securities Inc.
Count the $3.3 billion Corporate One Federal Credit Union among those who disagree with CUNA's Corporate Credit Union Task Force and Members United Corporate Federal Credit Union.
At least five corporate credit unions had posted their unaudited December month-end financial statements online as of press time.
Despite the NCUA-directed cancellation of Western Corporate Federal Credit Union's town hall meetings,
After releasing November financial statements, in which many corporate credit unions wrote off 100% of their U.S. Central capital investments,