WASHINGTON—NCUA board debates new corporate standards, association FOM rules.
Ohio-based corporate credit union notches $4.35 million net profit in 2012; financials helped along by $15 million in NCUA merger assistance.
The NCUF announced the election at its meeting this week in Anaheim, Calif., along with other board changes.
Risk evaluation, insurance and bond solutions for directors and officers among services offered.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
Southeast Corp didn’t meet its $75 million goal, but the amount members pledged - $68 million - was good enough for merger partner Corporate One.
The ability to raise capital continues to define the new corporate marketplace.
Thursday was deadline for corporate members to contribute capital in advance of planned merger with Corporate One.
Final step is meeting capitalization goal of $75 million.
Ask corporate credit union senior executives what keeps them up at night and for many, it’s whether they can grow their business.