Members of the $252 million Midwest Corporate FCU have decided the fate of their cooperative: liquidation.
Former CEO Doug Wolf, still working at the Bismarck, N.D.-based corporate on a contractual basis, said members made the decision during April's annual meeting but haven't formally voted yet.
A test group of members are transitioning their correspondent services to Midwest Corp-owned processing CUSO ProDraft Services, Inc. Others are expected to follow later this year.
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