Many worried credit union eyes now are on July 1, the date whenthe NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That loomingprice hike has triggered a quick rush to the exits as corporatesand their members race for alternatives.
The good news is that most credit unions said their exit plansare taking shape.
The bad news is that there are anxieties that there will bedelays as literally thousands of institutions seek exit routes andevery conversion out of U.S. Central Bridge is a meticulous, time-consuming processthat involves making certain forms are properly executed andprocesses are implemented.
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