Upon reaching its Aug. 1 deadline, Missouri Corporate Credit Union announced that it exceeded the capitalization goals under the NCUA’s overhauled regulation.
With NCUA deadlines nearing on recapitalizing the corporates, the jockeying among credit unions and corporates about the shape of provider services focused on the Mountain States last week with at least two state trade groups paying attention to the fate of the $1.9 billion SunCorp.
The credit union that launched a branch on Vashon Island, an island in the middle of Puget Sound off the coast of Washington State, said its new branch is a success.
The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.
