MUSKEGO, Wis. (5/30/12)--Corporate Central CU, Muskego, Wis., has rolled out new membership options for credit unions with additional service and capital commitment choices.
Credit unions now have the option to establish membership at an associate member level with less capital than required for full membership or no capital commitment.
Corporate Central CU offers two levels of Associate Membership. The newly established partner level allows access to all correspondent services, all settlement services, and a line of credit proportionate to perpetual contributed capital (PCC) commitment. PCC commitments begin at $10,000.
The correspondent level allows access to all correspondent services with no capital commitment.
"Corporate Central CU never impaired any members' capital and has very strong retained earnings," said Robert W. Fouch, Corporate Central president/CEO. "We established new flexible membership options as a means to help credit unions across the country find a stable home for their financial relationships and establish membership with the strongest corporate credit union in the country."