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News Now

Washington
NEW NCUA to hold Oct. 3 meeting on U.S. Central acquisition
ALEXANDRIA, Va. (UPDATED: 10:45 A.M. ET, 9/31/11)--Parties that wish to acquire U.S. Central Bridge Corporate FCU operations will have the opportunity to learn about the corporate’s operations, and the overall process for submitting a proposal to acquire those operations, in a meeting with the National Credit Union Administration (NCUA) on 1:00 p.m. CT on Oct. 3. The NCUA has tentatively set the meeting to take place in the Kansas City, Mo., area. NCUA Office of Corporate Credit Unions Director Scott Hunt said the meeting “is an important first step” for potential acquirers. Hunt added that the agency is seeking “a solution that minimizes disruption to U.S. Central Bridge members and their downstream credit union members, while minimizing costs to the Corporate Stabilization Fund.” For more on the meeting, use the resource link.


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