The initial NCUA-sponsored bidders conference for corporate credit unions interested in possibly acquiring all or parts of the failed Western Bridge corporate credit union was a month ago and now questions are circulating among credit unions about probable next steps.
Utah First FCU's Darin Moody says impact of losing corporate needs to be considered at meeting with bankers and San Francisco Fed next week.
Agency says goal is to minimize disruption to members, costs to stabilization fund.
Agency sets meeting for potential bidders for first week in October, indicates wants to sell corporate as a whole.
More details about business after United Resources.
Western Bridge expected to operate for a year
Letter spells out the end, but for now nothing changes.
Today is the deadline and at least some backers of United Resources want to let it be known that their support is unwavering.
Imaging vendor again reaches out to natural person credit unions affected by corporate shakeout.
Phoenix-based corporate says "sand states" CUs helped push it past the NCUA-mandated 4% minimum capital mark.