Many worried credit union eyes now are on July 1, the date when the NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That looming price hike has triggered a quick rush to the exits as corporates and their members race for alternatives.
As discussion of the impacts of NCUA’s recent memo outlining termination dates for various services offered by U.S. Central Bridge grows in the industry, one deadline has generated heated discussion–and worries–on the part of some credit union leaders. That is auto settlement, a comparatively obscure wholesale settlement service where U.S....
Corporate leaders had mixed reactions to this week's report from the GAO critiquing the NCUA's handling of the corporates crisis.
Volunteer training, dealing with growing compliance demands and staying profitable enough to stay alive.
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.
Corporate CU merger in Louisiana keeps moving forward.
Is $2.5 million flow of "other income" in August statement Corporate America's settlement? No one's saying.
Corporate CU putting services in place.
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.