LT to replace ACH services now coming from U.S. Central Bridge.
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.
St. Louis operation joins exodus from U.S. Central Bridge.
The surviving corporate will be VolCorp, headquartered in Nashville, Tenn. An office will be maintained in Parkersburg, W.Va., as well.
Mark the calendar: The NCUA aims to turn off the lights at the conserved U.S. Central Bridge no later than Dec. 31, 2012, and now it has announced the specifics of its plan.
With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.
Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.
Volunteer Corporate Credit Union has announced that its members, at a special Nov. 22 meeting, overwhelmingly approved the proposed merger with West Virginia Corporate FCU.
There may be only four or five corporate credit unions within 10 years. There isn’t that much business out there. "The small won’t survive,” predicted John Fiore, CEO of Motorola Employees Credit Union and a key figure in the recapitalizing of Members United as Alloya. “Within a couple years we...
Next step may be to bring in vendors.