Southeast Corporate Federal Credit Union is among the luckywholesale credit unions that don't face an immediate need torecapitalize.
In his first interview as president/CEO of the $3.3 billioninstitution, Brad Miller told Credit Union Times that atleast initially, he will only ask members to convert member capitalshares to tier-one capital.
"As part of the new business model and value proposition we'reworking on, obviously we have to look at our long term capitalstructure," Miller said. "But we can manage our balance sheet downto the capital that's there to support it."
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
