Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Mid-Atlantic Corporate Were ahead of the game
MIDDLETOWN, Pa. (11/24/10)--A letter from Mid-Atlantic Corporate FCU to its membership says it is "ahead of the game" in relation to changes occurring on the corporate credit union landscape. Mid-Atlantic President/CEO Jay Murray wrote in the letter sent to members last week than the corporate took a "proactive approach a year ago," by working independently to find the best service solutions for its members, according to an article in the New Jersey Credit Union League's newsletter (The Daily Exchange Nov. 23. "Today, we're ahead of the game with a plan in place that enables us to continue providing our members with the payment systems they need," Murray wrote on behalf of the Middletown, Pa.-based corporate. The letter noted that Mid-Atlantic is closely monitoring corporate stabilization developments at the national level and supports "cooperative efforts where they make sense," adding, "we are well-positioned to help our members succeed in the future." It also emphasized that the corporate:
* Remains fiscally sound and strong and is moving forward with its capitalization and membership plan, independent of other corporate actions; * Will not use members' capital investments in the corporate if the creation of a new payment-system credit union service organization proceeds; and * Operates independently from the U.S. Central Bridge Corporate for payment services. The corporate provides its own automated clearinghouse and bill payment programs and is in the process of moving automated settlements and international wires away from the bridge corporate's program.


RSS





print
News Now LiveWire
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
35 minutes ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
15 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
18 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
19 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
19 hours ago