Corporate credit unions going forward should have only one tier, offer a more limited set of products and services than they do now and have their membership limited to natural person credit unions that acquire tier one capital based on asset size.

These are among the recommendations offered by CUNA and NAFCU’s Corporate Credit Union Restructure Policy Task Force today. The Task Force urged the agency to take up all the recommendations, saying at one point that failure to do so would likely result in a corporate credit union structure that natural person credit unions would not accept.

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