Walby, who was CEO of Central Corporate Credit Union, took over as CEO of Alloya on April 30 after CenCorp merged into Alloya.
Vote by mail will precede April 4 meeting at corporate's suburban Detroit office.
The $1.4 billion Alloya Corporate FCU’s net income of nearly $6 million as of Dec. 31, 2012 is more than twice what the Warrenville, Ill.-based institution projected. How did President/CEO Chuck Furbee and his team do it in an era of low investment rates and little loan demand?
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.
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.
The corporate network has now hit rock bottom "and we're on the way up," in the view of the president/CEO of the Missouri Corporate Credit Union.
The NCUA announced today it has served 18 former U.S. Central FCU directors and officers with demand letters, alleging their breach of fiduciary duty contributed to the failed corporate's losses.