CenCorp

• Alloya-CenCorp Merger Completed

  By Heather Anderson  |  May 1, 2013

  Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.

• CenCorp Members Approve Merger With Alloya

  By Heather Anderson  |  April 4, 2013

  Illinois-based Alloya to maintain suburban Detroit office of CenCorp after merger closes on April 30.

• CEO Walby Optimistic CenCorp Members Will Approve Alloya Merger

  By Heather Anderson  |  March 14, 2013

  Vote by mail will precede April 4 meeting at corporate's suburban Detroit office.

• NCUA Approves Alloya/CenCorp Merger; Member Vote Pending

  By Heather Anderson  |  March 14, 2013

  Consolidation would create nearly $3 billion corporate credit union.

• Alloya Net Twice Budgeted

  By Heather Anderson  |  February 27, 2013

  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?

• Alloya’s 2012 Net Income Doubled Projections

  By Heather Anderson  |  February 15, 2013

  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.

• In MBL Push, Michigan League Affiliate Purchases 10% Share of CUSO

  By Marc Rapport  |  June 26, 2012

  CUCorp and Michigan Business Connections to work together to push member business lending at state's credit unions.

• Corporate Debacle Redux?

  April 22, 2012

  Barely three years ago, an entire industry teetered on the brink of financial collapse as four corporate credit unions, US Central, Wescorp, Members United, and Southwest Corporate reported massive losses in their investment portfolios, losses that not only would eradicate their capital but threaten the uninsured shares and daily operations...

• 

  Alloya, CenCorp Intend to Go Big

  By Robert McGarvey  |  April 15, 2012

  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...

• 

  Alloya, CenCorp Intend to Go Big: Print Preview

  By Robert McGarvey  |  April 13, 2012

  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.