Will the four holdout corporates sign the NCUA's revised Corporate Credit Union Share Guarantee Program by the May 15 deadline? At least one corporate will consider it.
Doug Wolf, president/CEO of the $238 million Midwest Corporate Credit Union said he hasn't seen the revised agreement yet, but said he's pleased the NCUA "opened the process back up," and said he and his board are "more open to it now than we had been originally."
Wolf said he objected to the LUA at the time because some provisions inhibited his strategic plans. However, he said the Bismarck, N.D.-based corporate is now "comfortable and positioned where we need to be."
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