It now looks like it could take until the third quarter for the Iowa Credit Union League, its processing affiliate and the National Cooperative Bank of Washington to finalize a plan to dissolve Iowa Corporate Central Credit Union and morph its correspondent services into the bank.
The bold plan, which has been in the works seven months following a preliminary agreement between the parties, remains on hold with only terse comment on the delay.
In a statement last week, 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.
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