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...
Former NCUA Chair JoAnn Johnson, slated to become Iowa's top credit union supervisor next week, said Wednesday she is prepared to field some tough questions about excessive regulation, but she also contends industry conditions remain quite positive.
CEOs of small credit unions in six Midwest states began voting last week in a now hotly contested four-way race for a CUNA board seat.
It's becoming increasingly clear that the corporate network, which has served the industry well in a particular manner, is breaking up, with each corporate going its own way, the head of the $1.5 billion Volunteer Corporate Credit Union maintains.
CUNA stressed Friday its one-day Corporate Summit meeting next week in Chicago that will bring together top trade, vendor and corporate brass is designed to develop a concrete, actionable plan to protect CU operations.
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.