WARRENVILLE, Ill. – Mid-States Corporate FCU received Part IV authority from NCUA permitting it to engage in derivative transactions last April. In just a year's time, the corporate has exceeded $1 billion in derivative transactions.
The corporate said having derivatives power has helped it offer its members more customized certificate and loan products at better rates.
Mid-States is currently in the process of merging with Empire Corporate. If the merger goes through, it will create an $11 billion corporate.
Recommended For You
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
