CenCorp

• Alloya, CenCorp Announce Intent to Merge

  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.

• Missouri Corporate Shifts ACH To Lending Tools

  By Robert McGarvey  |  February 14, 2012

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

• U.S. Central Bridge Closing

  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.

• Corporates React to U.S. Central Closure Plans

  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.

• Catalyst Corporate Wins Bidding For Western Bridge

  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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  Corporate Merger Mania on the Horizon?

  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...

• Western Bridge Next Steps?

  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.

• Four Bidders May Have Emerged for Western Bridge

  By Robert McGarvey  |  November 7, 2011

  Sources name Alloya, SunCorp, CenCorp and Catalyst.

• Organizers Announce Failure to Form New Payments Corporate

  By Robert McGarvey  |  September 2, 2011

  Next step may be to bring in vendors.

• Scoring the Corporate Credit Unions: Who Is Left Standing?: Online Only

  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?