The NCUA should have its proposed regulations for corporatereorganization ready next month or at year-end and by then creditunion executives should be taking an active part in the commentperiod, the co-chairmen of the CUNA/NAFCU Corporate Credit UnionRestructure Policy Task Force declared this week.

Commenting separately on the joint task force work since releaseof its recommendations Sept 3, CUNA's Terry West, CEO of Vystar CUin Florida and Michael N. Lussier, CEO of Webster First FCU inMassachusetts, appealed for industry patience amidst ongoing debateabout "who is surviving" in a reference to NCUA's likely folding orconsolidation of some of the 28 corporates.

The issue of corporate structure was renewed this week followingworry in Iowa over the future of one of the nation's smallestcorporates, the $94 million Iowa Central Corporate CU of DesMoines. The Iowa Credit Union League has filed application withbanking regulators to buy a Tucson, Ariz. wholesale bank to cushionagainst high costs for member CUs should the corporate beconsolidated.