The CUSOs owned by the three corporate credit unions placed in conservatorship Sept. 24 remain open for business today.
"Those CUSOs continue to be open for business and their customers and will experience no interruptions in service due to Friday's action," said John McKechnie, NCUA director of public and congressional affairs.
Constitution Corporate Federal Credit Union, Members United Corporate Federal Credit Union, and Southwest Corporate Federal Credit Union were placed in conservatorship Sept. 24 by the NCUA. All were deemed undercapitalized, the agency said. The move makes way for the regulator's final corporate credit union rule.
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