Picture a credit union universe without corporate credit unions. Not a one. ProDraft Services, a Bismark, N.D., CUSO, insists that such a world is not only possible, it may actually be better for credit unions.
Members of the $252 million Midwest Corporate FCU haven't yet voted to liquidate their cooperative. However, Board Chair Eric Musland, CEO of the $16.4 million LaMoure Credit Union, said liquidation "will probably happen."