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"While we must continue to provide the products and services that all credit unions need, U.S. Central believes that the best way for the Corporate Network to grow market share is to focus on the nation's largest credit unions." From U.S.Central's 2003-2005 business plan. The corporates' corporate believes there must...

By Staff Writer | Updated on October 14, 2003

“While we must continue to provide the products and services that all credit unions need, U.S. Central believes that the best way for the Corporate Network to grow market share is to focus on the nation’s largest credit unions.” From U.S.Central’s 2003-2005 business plan. The corporates’ corporate believes there must be more penetration of corporate products in large CUs. “There may be some requirements for risk-based capital restrictions to be looked at and perhaps included in legislation. But Navy Federal Credit Union doesn’t want the legislation to be a Christmas tree that has other onerous aspects hanging from it.” -Lou Jennings, executive vice president, lending department, Navy FCU discussing the credit union’s position on pending legislation to overhaul the regulation of housing GSEs. “Some of our members called me and said I really need to check out what was happening at the credit union and when I got there I saw there was four feet of water in the parking lot.” -

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