Representatives from 11 small corporates gathered at the Monte Carlo casino and hotel in Las Vegas yesterday to discuss their options for the future.
A so-called U.S. Central Branch Option was debated in which some small corporates would merge into the Lenexa, Kan.-based cooperative and survive as branch offices.
Pete Pritts, CEO of the $963 million First Corporate Credit Union, said he attended the meeting and that corporate representatives brainstormed "proactive ways to provide value to members," especially if the proposed corporate regulations are finalized. He confirmed the U.S. Central proposal was among the strategies discussed; however, he called it a "new concept" and said U.S. Central is still soliciting feedback from members.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
