Southeast Corporate to Merge With Corporate One
“We see this merger as a model for the future of strong, viable corporate credit unions,” said Brad Miller, CEO of Tallahassee, Fla.-based Southeast Corporate, in announcing the decision of his corporate to pursue a merger with Columbus, Ohio, based Corporate One.
Feb. 16, 2012 -- NCUA Approves Corporate One-Southeast Merger
As for whether the resulting corporate will indeed be the biggest by member count, Butke said, “We won’t address that.”
Miller elaborated that as his members decide to join Corporate One, each will be faced with a different capital commitment decision. “Some may have sufficient capital with us so they do not need to commit more dollars. Others may have to,” said Miller. “We need to go through this on a member by member basis.”