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.
Alabama corporate says it has exceeded NCUA requirements without requiring capital from members.
The blockbuster credit union trial of the summer won’t happen. That is the news out of Birmingham, Ala., as word circulated that the headliner suit filed by Corporate America against an all-star roster of credit union luminaries who had been officers and directors of failed U.S. Central has been settled...
Sources says settlement reached in suit over failed corporate, but mum's the word among participants.
Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.