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The annual report for 2011 including audited financial statements will be distributed next week at the 30th annual meeting and subsequently mailed to all member credit unions. If you would like an advance copy, please contact Gina Self at 800-292-6242 x 117.
Corporate America Credit Union has been approved as a registered sponsor on the National Registry of CPE sponsors by the National Association of State Boards of Accountancy.
Ask Michael Bittle, CEO of the Vanderbilt University Credit Union, where his $25 million Nashville, Tenn.-based institution would be without its corporate credit union and he softly chuckles.
Since the creation of corporate credit unions we have existed as a marriage of 1) a payment systems CUSO and 2) a mutual fund-esque repository for the credit union industry’s excess liquidity. Due to the failure of U.S. Central and the lack of a suitable solution for the APEX ACH platform and the automated settlement program, many corporates will soon be required to provide the payment systems using a different platform.