Selection of Western Bridge CEO contingent on NCUA approval, success of capitalization campaign.
The three corporate credit unions placed into conservatorship Sept. 24 bring the total of seized corporates to five. Operations will continue at all five corporates.
A letter to members from the $20 billion Western Corporate FCU's Philip Perkins suggests NCUA will announce its corporate legacy assets plan Friday, despite previous communication from the agency that it will only provide an "update."
WesCorp Federal Credit Union Vice President of Pacific Operations Delton Ho has been tapped to manage the WesCorp Honolulu office.
All labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence."
Early January is typically a slow news time for us as the credit union industry awakes from its holiday slumber, but that is certainly not the case this year.
Western Corporate Federal Credit Union President/CEO Philip Perkins spoke out against some proposed NCUA corporate regulations in a letter to members that was obtained by Credit Union Times.
WesCorp President/CEO Philip Perkins wrote in a letter to members obtained by Credit Union Times that the NCUA's proposed corporate regulations as currently written contain a "number of elements that would have a detrimental impact on credit unions."