That tri-fold plan now nearly seven months old hatched by the Iowa Credit Union League, its processing affiliate and the $84 million Iowa Corporate Central of Des Moines to dissolve the corporate and fold its processing business into an entity run by the National Cooperative Bank of Washington remains on hold.
In a statement issued Thursday, the Iowa trade group said the league, its subsidiary Affiliates Management Co., and NCB “remain committed to implementing a solution” sometime “in the third quarter.”
The “solution,” as it is called, would “provide consistent product offerings, local delivery of services and competitive pricing” to Iowa CUs that have been members of Iowa Corp., considered the nation’s smallest corporate.
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