Despite the NCUA-directed cancellation of Western Corporate Federal Credit Union's town hall meetings, wholesale credit unions not under conservatorship are moving full steam ahead assisting members as they prepare their comments regarding proposed corporate regulatory changes.
The $4 billion Mid-Atlantic Corporate Federal Credit Union is set to stage its fifth town hall meeting on the subject on Jan. 27 in King of Prussia, Pa., and has six more member meetings planned through Feb. 18. Senior Vice President of Marketing Leigh Philibosian said the Middletown-Pa.-based corporate scheduled the events in Pennsylvania, Delaware, New Jersey and Maryland to make it convenient for members to attend.
President/CEO Jay Murray will discuss proposed Part 704 regulations that concern Mid-Atlantic, like new volunteer and NEV modeling requirements. However, Philibosian said the town hall meetings will primarily focus on moving forward because Mid-Atlantic feels it could operate under the proposed regs as written.
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