The boards of 21 of the nation's 43 corporate credit unions, as well as U.S. Central Credit Union, will have to be restructured by Jan. 1, 1996.

The long-time corporate practice of sharing managers with industry trade associations was effectively ended by a regulation approved by the National Credit Union Administration last week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.