• Alloya, CenCorp Intend to Go Big

    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

    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, CenCorp Announce Intent to Merge

    Alloya Corporate FCU and Central Corporate Credit Union announced Tuesday that their boards have signed a non-binding letter of intent to merge.

  • Missouri Corporate Shifts ACH To Lending Tools

    St. Louis operation joins exodus from U.S. Central Bridge.

  • U.S. Central Bridge Closing

    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.

  • Corporates React to U.S. Central Closure Plans

    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.

  • Catalyst Corporate Wins Bidding For Western Bridge

    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).”

  • Corporate Merger Mania on the Horizon?

    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...

  • Western Bridge Next Steps?

    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.

  • Four Bidders May Have Emerged for Western Bridge

    Sources name Alloya, SunCorp, CenCorp and Catalyst.

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