If approved by members and the NCUA, the deal will create the industry's largest corporate by member count.
Alloya Corporate FCU names Todd Adams the corporate’s new CEO.
Walby, who was CEO of Central Corporate Credit Union, took over as CEO of Alloya on April 30 after CenCorp merged into Alloya.
Reports of banks closing credit union correspondent relationships have extended to New York and New Jersey.
Consolidation would create nearly $3 billion corporate credit union.
Matt Davidson, executive vice president of Kern Schools FCU, to step into new role.
Kern Schools FCU announced has chosen Alloya Corporate FCU to be its new corporate.
Go big or go home. Those five words outline exactly what is happening with the proposed merger of $1.8 billion Warrenville, Ill.-based Alloya with $1.5 billion Southfield. Mich.-based CenCorp. It’s a marriage of corporate credit unions that, if approved by CenCorp members and regulators, will produce an entity with assets...
Proposed corporate merger would produce one of the nation's largest remaining corporate credit unions. Find out more in this preview from next week's print edition.
Alloya Corporate FCU and Central Corporate Credit Union announced Tuesday that their boards have signed a non-binding letter of intent to merge.