WesCorp Will Not Emerge From Conservatorship as United Resources; Regulator Urges Member Credit Unions to Stay Put Until a Merger is Worked Out

The NCUA has announced that three corporate bridge credit unions did not meet recapitalization goals. WesCorp, US Central and SE Corporate will not emerge as new entities. A number of Northwest credit unions have already been stung by WesCorp’s downfall.

Matz Schedules Oregon Town Hall Meeting

NCUA Chairman Debbie Matz will host a Town Hall in Portland, Oregon, on October 5, 2010, in an effort to foster two-way communication and discuss developments affecting both natural person and corporate credit unions.