As forecast in September-and months before that-the merger route for corporates is quickly coming home to roost with predictions that more plans might surface this month.
The $2.5 billion Georgia Corporate Federal Credit Union cleared a key hurdle Tuesday in its bid to be a merger partner next year with the NCUA-conserved Southwest Bridge Corporate FCU of Plano, Tex.
The $2.3 billion Georgia Central Credit Union may be the apparent front runner or leading choice to take over the NCUA-conserved Southwest Corporate Bridge FCU of Dallas.
The CEO of an $80 million El Paso credit union and a director of the Texas Credit Union League appealed Friday for greater industry calm and thought before "deserting the corporate model" and switching to the Federal Reserve.
The head of Randolph-Brooks Federal Credit Union in Texas said Saturday's CUNA Corporate Summit in Chicago will be a pivotal conclave where key decisions on the future of corporate services and structure might be made.