corporate credit unions

• Alloya-CenCorp Merger Completed

  By Heather Anderson  |  May 1, 2013

  Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.

• Catalyst 2012 Financials Reveal Strong Numbers After Two Acquisitions

  By Heather Anderson  |  April 12, 2013

  Texas-based corporate posts $14 million in profits, coverage ratio of 88%.

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  NCUA Sells U.S. Central’s Kansas City Headquarters

  By Heather Anderson  |  April 12, 2013

  Purchase price not disclosed for 129,321-square-foot facility that once housed one of the largest of the corporate credits unions, pre-collapse.

• Corporate Loss Reduced, Assessment Remains

  By Heather Anderson  |  April 10, 2013

  The NCUA reported March 28 that following a twice-annual review, the highest estimated amount credit unions have yet to pay in corporate assessments has declined by $900 million.

• CenCorp Members Approve Merger With Alloya

  By Heather Anderson  |  April 4, 2013

  Illinois-based Alloya to maintain suburban Detroit office of CenCorp after merger closes on April 30.

• First Carolina’s Virginia Conference Marks Attempt to Conquer Old Dominion

  By Heather Anderson  |  March 20, 2013

  North Carolina corporate plans strategies conference for Virginia credit unions.

• NCUA Approves Alloya/CenCorp Merger; Member Vote Pending

  By Heather Anderson  |  March 14, 2013

  Consolidation would create nearly $3 billion corporate credit union.

• CNP Transition to Alloya Corporate Complete

  By Heather Anderson  |  March 12, 2013

  The Lenexa, Kan.-based CNP provides core processing services used for cash management by more than 2,000 credit unions.

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  Kathy Garner Reflects on First Year as Catalyst CEO

  By Heather Anderson  |  March 11, 2013

  New CEO of new corporate credit union cites challenges, commitments, progress.

• Alloya’s 2012 Net Income Doubled Projections

  By Heather Anderson  |  February 15, 2013

  The $1.4 billion Alloya Corporate FCU’s 2012 net income of nearly $6 million is about twice what the Warrenville, Ill.-based institution budgeted.