A former FHLB executive and an internally promoted investment officer spiff up Catalyst's Advisory Service team.
Program debuted after NCUA eased loan concentration limits.
The Texas corporate has experience as an NCUA derivative pilot provider.
Catalyst Corporate's Q42013 CEO Confidence Survey shows positive trends.
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.
In an attempt to achieve economies of scale, the $2.2 billion Catalyst Corporate FCU and the $1.1 billion First Corporate CU announced on May 9 that the two have signed a nonbinding letter of intent to consolidate through a purchase and assumption transaction later this year.
Texas-based corporate plans to take over and consolidate Phoenix corporate on July 1.
Credit union vehicle loans outstanding have dropped 2.2% so far in 2012 but lending activity is still higher than it was a year ago.
First there were 25 candidates for the CEO job at Plano, Texas-based Catalyst Corporate. That got whittled down to around eight people who were asked to assemble a strategic plan. Three or four then did in-person interviews with a committee of the board. And finally the winner was announced in...