The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
No new entity to be created; service to be offered to Iowa credit unions only.
The Members Group turns to NCB to fill in for waning Iowa Corporate Central Credit Union.
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...
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.
NCUA officials have repeatedly said they want credit unions to determine the future structure of the corporate system.
In its attempt to limit investment risk, the NCUA's proposed Part 704 regulations may actually increase risk, according to some corporates.