U.S. Central Credit Union has backed off its plan to merge with corporate credit unions, which had charged that the Kansas giant was stepping on their turf.

"That weighed heavily on us," James R. Bell, president of U.S. Central, acknowledged in an interview.

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.