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On-Site Coverage: CUNA Task Force Recommends Radical Changes

Declaring the existing business model to no longer be viable, the CUNA Corporate Credit Union Task Force today released a report that asks CUNA's GAC and board to support a radically pared down corporate system.

By Claude R. Marx | Updated on February 21, 2010

Declaring the existing business model to no longer be viable, the CUNA Corporate Credit Union Task Force today released a report that asks CUNA’s GAC and board to support a radically pared down corporate system.

Noting that credit unions are unwilling to recapitalize corporates and “several groups of credit unions” are organizing their own cooperatives to replace them, the 13-person panel called for corporates to be limited to settling and payments services, and meeting short to medium term liquidity needs.

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