Corporate CU Limits Sought

September 2009
American Banker;9/9/2009, Vol. 174 Issue 169, p4
Trade Publication
The author reports on recommendations that have been made by a joint task force regarding services that should be offered by corporate credit unions. Services that the task force feels that corporate credit unions should offer include payments and settlements, short-term investments and liquidity. Western Corporate Federal Credit Union and U.S. Central Corporate Federal Credit Union were seized after they experienced losses on mortgage-backed securities.


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