More details have emerged about the proposed new correspondent services that will be offered to Iowa credit unions as the state's corporate winds down. 

Wednesday's announcement said that Washington, DC-based National Cooperative Bank (NCB) would join with The Members Group, a wholly owned subsidiary of the Iowa Credit Union League, to fill the gap.

Now Sara Flynn, CEO of Iowa Corporate Credit Union, has offered more specifics and a key point is that the definitive agreement that was recently executed does not call for formation of a new entity to service Iowa credit unions.

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