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.
Ohio-based corporate credit union notches $4.35 million net profit in 2012; financials helped along by $15 million in NCUA merger assistance.
Texas-based corporate offers to connect credit union buyers and sellers in loan pools.
Eyeing retirement, Virginia Williams at Jersey Shore FCU makes way for Alison DeTuncq of University of Virginia Community CU.
Notes payoff called important milestone in efforts to resolve the failure of five corporates.
Pete Pritts said he was so disconnected from the corporate credit union world after leaving First Corporate CU in 2011, he wasn’t even aware Corporate America Credit Union had an opening.
The reduced corporate bill is the result of legacy asset performance and the macroeconomic factors used to project their future performance, the NCUA said in a release.
Former president of First Corporate Credit Union takes over at Corporate America.
U.S. Central no longer lives as a corporate and headquarters is for sale for $14.3 million.
NCUA declares three-year corporate system rescue effort complete.