Bidders Emerge for U.S. Central
Following the October bidders meeting for failed corporate U.S. Central, bids now have been received by the NCUA, according to spokesperson David Small, who declined to reveal the identity of those bidders.
Small added, “For U.S. Central, we have received bids and we are reviewing now, but I can’t confirm numbers or specifics. We are working to announce [decisions in] November, but don’t hold us to that as we are still going through the process.”
Sources close to the situation told Credit Union Times two of the bidders are Fiserv Inc. of Brookfield, Wis., and Wichita, Kan.-based Lending Tools.
Those sources believe they are bidding for the payments operation that various corporates had attempted to buy in an effort that fell short in the summer.
Asked to comment on its possible acquisition of a portion of U.S. Central, Lending Tools declined. Fiserv did the same.