Wis. Corporate's Plans To Enter Minnesota On Hold Until Legal Issues Settled
Pending legal concerns have put Wisconsin's Corporate Credit Union behind schedule, but
Schroeder said it's only a matter of time until legal advisors hash out the details of the move. One question is
How much time, he said, is anybody's guess.
Corporate Central announced plans to open an office inside NWA Credit Union in Bloomington, Minn., shortly after
Schroeder said the pending merger made it clear to Corporate Central's board that the only way to remain viable was
Under the current plan, Corporate Central and the newly merged Mid-States Corporate FCU-under the direction of
"We believe that Corporate Central has the programs and people to serve Minnesota credit unions most effectively,
The new Mid-States Corporate FCU will have about $5 billion in assets, making it the third largest corporate in the
"We feel that the amount of federal insurance offered doesn't give most credit unions significant protections," he
Besides, he added, having a state charter doesn't preclude Corporate Central from abiding by federal regulations.
"We have had members in Minnesota for a few years, by we haven't really aggressively marketed in that direction as
Besides, he said, it's no longer a big deal for corporate CUs to compete. "Other corporates are advertising to our