MUSKEGON, Wis.-Corporate Central CU last week announced what it is calling "flexible membership options."
Processing Content
Under the plan, CUs have the option of establishing membership at an Associate Member Level with less capital than required for Full Membership or no capital commitment. There are two levels of Associate Membership: the Partner Level and the Correspondent Level. The Partner Level allows access to all correspondent services, all settlement services, and a line of credit proportionate to perpetual PCC, with PCC commitments beginning as low as $10,000. The Correspondent Level allows access to priced correspondent services with no capital commitment.
