Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.
WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.
Lose a few million dollars on a wire transfer to Toledo, Ohio, and procedures are in place to get it back in may instances. But when that transfer is to Kiev, kiss the money goodbye.
Ohio corporate says move will fill gap left by shutdown of ACH from U.S. Central Bridge.
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 is countdown to an Aug. 31 deadline for United Resources, the new corporate that may rise out of Western Bridge, but there are plenty of signs that credit unions are looking for alternatives as the evidence mounts that the capital goal will not be reached.
Corporate One steps up its deposit taking technology
Bluepoint Solutions and Corporate One Federal Credit Union are going after potential new business created by the shakeout among corporate credit unions.
Ohio corporate, California software provider inviting credit unions using IMAGEin system to switch capture and processing without cost or disruption.
The June 8 issue of Credit Union Times contained a very comprehensive article titled, "Pay to Play: Comparing Capitalization Requirements." The timing of this article couldn’t be more appropriate as credit unions across the county are performing due diligence on potential new service providers, both inside and outside the corporate...