Corps Say They Can Meet Timetable

Register now

GREENSBORO, N.C.-The CEOs of a number of corporate CUs said they believe the requirements and deadlines NCUA has set in its new corporate plan will be achievable. "It is a pretty reasonable reg knowing what NCUA was trying to accomplish," said David Brehmer, president of First Carolina Corporate CU. "They listened to comments and made changes to some key areas, particularly ALM. It's hard for me to speak about all of the corporates, but I do think the timelines can be met."

In Columbus, Ohio, Corporate One CEO Lee Butke told Credit Union Journal that NCUA acted in a "methodical fashion" and took a "well-balanced view of all the comments."

Jay Murray, CEO of Mid-Atlantic Corporate FCU in Middletown, Penn., said that while his credit union is still reviewing the rule, "Overall, we believe the new regulation creates a framework within which Mid-Atlantic Corporate can continue to successfully serve credit unions."

For reprint and licensing requests for this article, click here.
Corporate credit unions