First Carolina Corporate Credit Union announced today that it is now going to members to raise $60 – $75 million in Perpetual Contributed Capital, a “mandatory” onetime requirement for members.

David Brehmer, CEO of the corporate, added in a statement: “The objectives of the plan are three fold. It will allow us to maintain our current level of high quality products and member service. It will allow us to achieve a ‘well-capitalized’ status under the new regulatory requirements for capital. And it positions us to successfully operate as a value-added independent corporate within a restructured corporate network and under new regulatory guidelines.”

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