This isn’t a rehashing of the corporate credit unions’ problems or legacy assets or placing blame. We’ll learn about the agency’s plans for the legacy assets soon enough (though it has been some time coming). This is about the discovery of next steps.

CUNA is starting a Next Steps working group to help credit unions decipher the alternatives to the services corporates offer. This is an appropriate need for a trade association to fulfill. However, I can’t help but think, if credit unions were performing due diligence on third-party providers as required by the NCUA, shouldn’t part of that be what alternatives there are or exit strategies?

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