The corporate focus and how the industry deals with service options as a result of the NCUA's restructuring turned mostly to Connecticut last week, with continued interest in the resolution of all five agency conserved corporates.
In one development, the Credit Union League of Connecticut joined by the state's banking commissioner, Howard Pitkin, pressed the NCUA to move ahead on settling its conservatorship of the $1.4 billion Constitution Corporate FCU and also complained that CUs in the state were being slighted in the restructuring dialogue.
NCUA had pledged in September to find a merger partner for Constitution Corporate of Wallingford, which is now under a NCUA-engineered purchase and assumption directive. But credit unions said they were left in the dark on the agency's intentions because there are no town hall meeting scheduled.
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