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By Heather Anderson |
May 14, 2012
In an attempt to achieve economies of scale, the $2.2 billion Catalyst Corporate FCU and the $1.1 billion First Corporate CU announced on May 9 that the two have signed a nonbinding letter of intent to consolidate through a purchase and assumption transaction later this year.
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By Heather Anderson |
May 9, 2012
Texas-based corporate plans to take over and consolidate Phoenix corporate on July 1.
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By Robert McGarvey |
February 14, 2012
St. Louis operation joins exodus from U.S. Central Bridge.
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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.
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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.
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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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By Robert McGarvey, Claude R. Marx |
December 18, 2011
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.
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By Robert McGarvey |
October 5, 2011
Greg Harden, FirstCorp executive vice president/chief investment officer, has been named interim president/CEO.
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By Jim Rubenstein |
September 14, 2011
The dizzying pace of corporate events and NCUA rulemaking last week left many CU managers wondering where to turn for help.
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By Jim Rubenstein |
September 2, 2011
League invites corporates, other providers to Sept. 20-21 meeting.
