With NCUA deadlines nearing on recapitalizing the corporates, the jockeying among credit unions and corporates about the shape of provider services focused on the Mountain States last week with at least two state trade groups paying attention to the fate of the $1.9 billion SunCorp.
Officials of Colorado-based SunCorp, were mum on the series of meetings and a flurry of emails regarding its plans to meet the NCUA's Oct. 20 recapitalization guidelines.
"We will have no comment" said a spokeswoman for SunCorp of Westminster regarding a report the corporate had won clearance from the NCUA for $50 million to $60 million in required capital down from an original $70 million threshold.
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