Which way to the exits?
The NCUA said Friday it will hold a meeting of potential bidders for U.S. Central Bridge Corporate on Oct. 3, probably in the Kansas City, Mo., area.
Colorado corporate says it has raised more than $60 million from 176 members.
The dizzying pace of corporate events and NCUA rulemaking last week left many CU managers wondering where to turn for help.
League invites corporates, other providers to Sept. 20-21 meeting.
Next step may be to bring in vendors.
With NCUA deadlines nearing on recapitalizing the corporates, the jockeying among credit unions and corporates about the shape of provider services focused on the Mountain States last week with at least two state trade groups paying attention to the fate of the $1.9 billion SunCorp.
Mountain West, Utah leagues, CUs in discussion about recapitalizing $1.9 billion SunCorp.
The interchange cap, loan demand, compliance burdens and corporate pricing are all figuring in the early discussion of those newly named Federal Reserve panels composed of bank and credit union CEOs.
Even with ongoing fallout, the shock of the corporate crisis may at last be wearing off, shedding a more positive light on some of the surviving corporates, according to Charles Emmer, the president/CEO of Ent Federal Credit Union.