NCUA officials have repeatedly said they want credit unions to determine the future structure of the corporate system. And while Part 704 comment letters posted on the regulator's Web site consistently disapprove of several provisions, they show little consensus among corporates regarding the cause of the corporate crisis and which of them will survive.
The division is a matter of perspective.
In one camp, large corporates that have suffered substantial capital losses and national organizations like CUNA say the corporate business model is broken, and the system requires massive consolidation.
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