This year, corporate credit union annual meetings included more than just the usual financial reporting and refreshments. Many corporate members were discussing their cooperative's fate in a changing landscape.
The $1 billion Tricorp FCU met June 16 for its annual meeting, but President/CEO Steve Roy said his Maine-based cooperative isn't yet asking for capital contributions. However, Roy said Tricorp is actively searching for replacements for U.S. Central products and services, and he shared progress toward a U.S. Central-free life at the event.
"It's a little tough without the legacy assets plan or final proposed rule," Roy said about planning for the future. "But, at the same time, we're not just sitting here waiting for the answer."
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
© 2024 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.
