Next step is raising capital, vote from current Southeast Corporate members.
Ohio corporate says move will fill gap left by shutdown of ACH from U.S. Central Bridge.
Lee Butke, president/CEO of Corporate One FCU in Columbus, Ohio, has joined the board of directors of the National Credit Union Foundation. Butke joined the board at NCUF’s board meeting on Jan. 24 in Scottsdale, Ariz., and is the new Association of Corporate Credit Unions representative on the board.
Lee Butke, president/CEO of Corporate One FCU in Columbus, Ohio, has been named a director of the National Credit Union Foundation.
Corporates announce signing of merger agreement, preparations for submitting application to the NCUA.
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.
Merging corporates complete series of town hall meetings, planning virtual session next week.
CEOs in 10-minute sitdown explain reasons for consolidation.
“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.