In a statement signed by NCUA Chairman Debbie Matz, the federal regulator sets out clear guidelines for the future of bridge corporates in particular but also impacting other corporates.
Matz opens the statement, set to post on the agency's website Monday morning, with a broad endorsement of corporates: The NCUA "continues to believe that a member-driven approach will provide the best solution for meeting member payments and liquidity needs."
The statement continues, "Corporate credit union members should work with their respective corporates and chart a strategic direction to ensure continuity of service to the credit union industry."
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