Next step is raising capital, vote from current Southeast Corporate members.
And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
CEOs in 10-minute sitdown explain reasons for consolidation.
It’s one of the most exclusive–and perhaps productive–credit union clubs in the country has been up and running for 15 years. Although many outside of central Florida have never heard of it, CEO participants said they feel bad when they miss a meeting.
I recently started in my fourth decade in the credit union movement (20 years at natural person credit unions and 13 years at Corporate One FCU). During that time, I've seen my share of regulation changes, legislative mandates and economic cycles. And there have always been those who have predicted...
Corporate One CEO Lee Butke takes a look at what corporates will look like going forward.
“We see this merger as a model for the future of strong, viable corporate credit unions,” said Brad Miller, CEO of Tallahassee, Fla.-based Southeast Corporate, in announcing the decision of his corporate to pursue a merger with Columbus, Ohio, based Corporate One.
Southeast Corporate FCU announced Tuesday it has signed a letter of intent to merge with Corporate One.
Ohio-based corporate offers CIF program support with no obligation to join.
Ohio-based corporate pledges $604,533 as deadline arrives for commitments.