Georgia Corporate board gives final approval; newly merged corporate opens Sept. 6.
New corporate from merger of Southwest Bridge and Georgia Corporate to launch on Sept. 6.
In the run-up to its proposed consolidation with Georgia Corporate, Southwest Bridge Corporate FCU has announced a lineup of 26 Town Hall meetings in eight states over the next few months.
Call it Catalyst Corporate Federal Credit Union. That is the name agreed upon for the new entity after Georgia Corporate completes its purchase of Southwest Bridge, a transaction expected to be put before NCUA for approval in mid-2011.
The seeds for this year's shakeup-or convulsion-of the nation's corporate system may have been sown in 2007 and 2008 with the subprime debacle.
The CEO of an $80 million El Paso credit union and a director of the Texas Credit Union League appealed Friday for greater industry calm and thought before "deserting the corporate model" and switching to the Federal Reserve.
Genisys Credit Union of Auburn Hills, Mich., recently expanded its relationship with Cleary University by offering Genisys membership to students and employees.
Kerry Parker, president/CEO of A+ Federal Credit Union in Austin, Texas, is one of many credit union executives helping newly conserved corporates plan for the future of corporate services.
The NCUA-conserved Southwest Corporate Federal Credit Union, seeking industry input on its next direction, has now whittled down its volunteer "advisory council" from 140 CU executives to a 13-member executive committee.
The head of the Texas Credit Union League renewed his appeal today for industry calm and caution in dealing with the corporate restructuring, suggesting CUs "keep their powder dry" before acting hastily on changing providers.