Add the Association of Corporate Credit Unions to the list of industry groups speaking out against the U.S. Central and WesCorp conservatorships.
"We believe there were other viable alternatives for addressing the issues that were suggested to the agency by the credit union industry," said ACCU Executive Director Brad Miller.
"Also, we question the decision and timing to conserve U.S. Central and WesCorp given the movement on stimulus measures, the Treasury's private-public asset purchase plan, proposed accounting rule changes, and other positive steps being taken to revive the economy that will improve the condition of corporate credit unions and the system as a whole."
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