NAFCU is planning for the afterlife.
The trade association sent a letter to credit union CEOs advising them of alternative options if United Resources – the new corporate planned as a successor to Western Bridge – does not meet capitalization goals that had been approved by the NCUA.
In a letter sent to CEOs of credit unions that are members of Western Bridge Corporate FCU, NAFCU President/CEO Fred Becker suggested they consider using another corporate credit union, the Federal Reserve or ProDraft Services, a North Dakota-based CUSO that was recently designated a preferred partner by NAFCU Services.
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