The industry's largest trade group has drafted a plan that would let it monitor how the industry's liquidity centers invest credit unions' money. But at least some corporate credit unions are calling the idea a power grab.

The Credit Union National Association, spurred by the collapse of Capital Corporate Federal Credit Union, wants to certify those corporates that operate as matched-book, "absolutely safe" liquidity centers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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