A statement issued today by the New York Corporate Services Task Force offered an unequivocal recommendation to New York credit unions to support reconstituting the charter for Members United Bridge Corporate. The statement also endorsed Members United's "Forward Together" plan as the business model for the reconstituted corporate.
Key to the statement is its broad support for "a credit union-owned corporate credit union system."
The statement also supported "consolidations/mergers within the corporate credit union system that would enhance Members United Bridge's long-term strength and viability."
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