The corporate CU network will focus more on settlement and payment services; less on investments.
March 4, 2011
Corporates will focus more on settlement and payment services; less on investments.Read More
November 30, 2010
The National Credit Union Administration Board extended the comment period to Jan. 28, 2011, on the proposed corporate rule amendments issued at the agency's November 18 meeting.
New corporates will assume existing business of Members United and Southwest Corporate.
November 15, 2010
The newly created institutions will be known as Members United Bridge Corporate FCU and Southwest Bridge Corporate FCU . The first two bridge corporates created by NCUA were U.S. Central Bridge Corporate FCU and Western Bridge Corporate FCU.Read More
He emphasizes that NCUA's action 'won't cost taxpayers a dime.'
October 11, 2010
CUNA President/CEO Bill Cheney appeared live this morning on CNBC's Squawk Box to talk about credit unions and whether NCUA's plan for dealing with the corporates constitutes a credit union bailout.Read More
Six questions board members will ask about NCUA’s final rule on corporate CUs.
October 1, 2010
Recapitalization and trust will be tough issues to address.Read More
Key points for board members about the NCUA corporate actions.
September 30, 2010
It's important to correct any misperceptions about the corporate credit union and legacy asset plans.Read More
The focus of the plan will be the securitization and sale of legacy assets.
September 28, 2010
NCUA will establish 'bridge corporates' to ensure the important services by the five conserved corporates to natural person credit unions regarding payments and settlement aren't disrupted.Read More
Regulator announces plan to address impaired assets, preserve stability.
September 27, 2010
The agency assumes control of three more corporates, announces a plan to isolate impaired assets, and finalizes stronger regulations.Read More
Corporates with small balance sheets and small capital requirements are most likely to succeed.
September 21, 2010
Corporates with small balance sheets and small capital requirements are most likely to succeed.Read More
July 16, 2010
NCUA's proposal to change the corporate system structure will affect corporates' business model and its expectations of credit