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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.
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By Heather Anderson |
April 4, 2013
Illinois-based Alloya to maintain suburban Detroit office of CenCorp after merger closes on April 30.
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By Heather Anderson |
March 14, 2013
Vote by mail will precede April 4 meeting at corporate's suburban Detroit office.
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By Heather Anderson |
March 14, 2013
Consolidation would create nearly $3 billion corporate credit union.
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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?
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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.
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By Marc Rapport |
June 26, 2012
CUCorp and Michigan Business Connections to work together to push member business lending at state's credit unions.
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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...
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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...
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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.
