FWW Guides Credit Unions Through Visa Class B Stock Sales

5/28/2019

First published in the Northwest Credit Union Association Anthem Newsletter

Your credit union may soon be approached by investors looking to buy Visa, Inc. Class B stock which you may have received when Visa had its initial public offering 11 years ago.

This has raised questions and interest from credit unions despite the fact that these assets have no book value, meaning they are being carried at no value on credit unions’ balance sheets because they can’t be traded on the open market. There is however, an active secondary market that will buy shares at a discount. Any credit union holding these shares has the option to sell.

FWW has provided insight for Northwest Credit Union Association members explaining how credit unions acquired the stock, the related litigation issues, and steps credit unions should follow to conduct a sale.

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