The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
CEO Brad Miller says $80 million goal not reached, thanks "the many members who supported our efforts."
Coastal Federal Credit Union has named Brad Miller chief financial officer.
Southeast Corporate Federal Credit Union announced Monday it has been given the NCUA's green light to offer its Perpetual Contributed Capital subscription plan.
The $4 billion Southeast Corporate Federal Credit Union joined a number of its peer corporates last week in laying out its final business and capital plans to be submitted to the NCUA in time for the March 31 deadline.
Like other corporates, the $4 billion Southeast Corporate Federal Credit Union said today it is on target to submit its final business and capital plans to the NCUA by March 31. It continues to receive support from its member owner credit unions, it says, as evident from a webcast last...
Southeast Corporate Federal Credit Union yesterday announced it had held its seventh and final town hall meeting for members, with sessions held throughout Mississippi and Florida.
Seven meetings, spread across Mississippi and Florida, now loom on Brad Miller's calendar as the CEO of Southeast Corporate Federal Credit Union takes the question of the corporate's future to its 400 credit union members.
The seeds for this year's shakeup-or convulsion-of the nation's corporate system may have been sown in 2007 and 2008 with the subprime debacle.
Southeast Corporate Federal Credit Union disclosed its new business and capital plan to its members at press time, shoring up its balance sheet with $80 million in capital.