First announced in July 2014, the merger will become effective Feb. 28.
If approved by members and the NCUA, the deal will create the industry's largest corporate by member count.
Alloya Corporate FCU names Todd Adams the corporate’s new CEO.
Walby, who was CEO of Central Corporate Credit Union, took over as CEO of Alloya on April 30 after CenCorp merged into Alloya.
Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.
Illinois-based Alloya to maintain suburban Detroit office of CenCorp after merger closes on April 30.
Central Corporate Credit Union said it has become a Viewpointe Pointe2Pointe customer for check image archiving and exchange.
Central Corporate CU hits its PCC goal
Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate "Black Friday," during which the regulator places three or more corporates into conservatorship or forces mergers.
Michigan credit unions and CUSOs are spreading the word statewide to small business owners that financing is available.