GREENSBORO, N.C.-In the near future corporate credit unions will revert to their "core purpose," believes David Brehmer, president of First Carolina Corporate CU.
"There will be fewer corporates, I am not sure how many. But the environment will change dramatically," predicted Brehmer. "A new cooperative environment among corporates will emerge and there will be less overlap. To a great extent there will be a much smaller infrastructure, overall, in the investment area. The big difference is that you won't be building big balance sheets based on term investments and will be working more in advisory and counseling roles with credit unions, and helping them with short-term funds."
