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By Robert McGarvey |
April 10, 2012
Alloya Corporate FCU and Central Corporate Credit Union announced Tuesday that their boards have signed a non-binding letter of intent to merge.
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By Robert McGarvey |
February 14, 2012
St. Louis operation joins exodus from U.S. Central Bridge.
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By Robert McGarvey |
January 16, 2012
Mark the calendar: The NCUA aims to turn off the lights at the conserved U.S. Central Bridge no later than Dec. 31, 2012, and now it has announced the specifics of its plan.
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By Robert McGarvey |
January 11, 2012
With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.
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By Robert McGarvey |
December 18, 2011
The email from the NCUA to current Western Bridge members summed it up.
“The National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge).”
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By Robert McGarvey |
November 20, 2011
There may be only four or five corporate credit unions within 10 years. There isn’t that much business out there. "The small won’t survive,” predicted John Fiore, CEO of Motorola Employees Credit Union and a key figure in the recapitalizing of Members United as Alloya. “Within a couple years we...
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By Robert McGarvey |
November 13, 2011
The initial NCUA-sponsored bidders conference for corporate credit unions interested in possibly acquiring all or parts of the failed Western Bridge corporate credit union was a month ago and now questions are circulating among credit unions about probable next steps.
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By Robert McGarvey |
November 7, 2011
Sources name Alloya, SunCorp, CenCorp and Catalyst.
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By Robert McGarvey |
September 2, 2011
Next step may be to bring in vendors.
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By Robert McGarvey |
August 29, 2011
The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
