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CUNA Calls for Revamping Corporate Structure and Limits on Investments

Corporate credit unions shouldn't be able to concentrate their money in long-term investments and should focus their activities on payments, settlement, short-term investments and liquidity, CUNA wrote NCUA yesterday.

By Claude R. Marx | Updated on April 06, 2009

Corporate credit unions shouldn’t be able to concentrate their money in long-term investments and should focus their activities on payments, settlement, short-term investments and liquidity, CUNA wrote NCUA yesterday.

Those changes will result in fewer credit unions and cause operational efficiencies that benefit natural credit unions, CUNA President/CEO Dan Mica and CUNA Corporate Credit Union Task Force Chairman Terry West.

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