Ask corporate credit union senior executives what keeps them up at night and for many, it’s whether they can grow their business.
Shortly before year end, NCUA announced it had launched two new websites to increase transparency of the corporate resolution system.
The email from the NCUA to current Western Bridge members summed it up. “The National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge).”
And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
Greg Harden, FirstCorp executive vice president/chief investment officer, has been named interim president/CEO.