Which way to the exits?
That is the question high up in the minds of western state credit union executives as they face two realities. Western Bridge had decisively failed to recapitalize.
Even ardent former supporters concede that the likelihood of a renewed capital drive from the San Dimas, Calif., corporate is slim. And the NCUA has made it plain it intends to close down Western Bridge, which currently serves almost 900 credit unions.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
