HARRISBURG, Pa. – The $3 billion Mid-Atlantic Corporate Credit Union stepped up its campaign to distance itself from U.S. Central and other hard-hit peers calling attacks on the corporate network "irresponsible" as the Pennsylvania firm stressed again its improved performance adding members the last two months.
In commenting on the corporate plight, Jay Murray, president/CEO, said "what you're seeing is not about the structure of the corporate credit union network, it's about parameters and risk management and oversight" adding, "it's ironic that some of the very credit unions that pressured some corporates to pursue higher returns are the very same calling for drastic changes to the entire structure of the corporate network."
Murray also expressed frustration at media comments treating "all corporates as if they are all financially the same."
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