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Concerned about the outcome of NCUA’s spinoff of Western Bridge corporate, the president/CEO of a Salt Lake City credit union said this week he expects to take up the issue with bankers and a peer Oregon CEO next Wednesday at a meeting of the Federal Reserve Bank of San Francisco.

Darin Moody, the head of the $236 million Utah First FCU was named to one of two so-called “credit union seats” on a special San Francisco Fed panel. He said the fate of Western Bridge and its impact on “interchange income and conditions in the payments sector” need airing in light of the Fed’s expanded servicing role amid corporate shrinkage. 

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