The National Cooperative Bank and The Members Group, a wholly owned subsidiary of the Iowa Credit Union League, announced Wednesday that they had inked a definitive pact to provide correspondent services to Iowa credit unions.
The deal had been many months in the making.
The plusses for Iowa credit unions, the partners said in a statement, is that there will be "no capital investment by Iowa credit unions now or in the future" and yet credit unions that sign on will get services that "are consistent with those offered by Iowa Corporate Central Credit Union today."
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.
