Southeast Corp didn’t meet its $75 million goal, but the amount members pledged - $68 million - was good enough for merger partner Corporate One.
Next step is raising capital, vote from current Southeast Corporate members.
Corporates announce signing of merger agreement, preparations for submitting application to the NCUA.
Merging corporates complete series of town hall meetings, planning virtual session next week.
The $4 billion Southeast Corporate Federal Credit Union joined a number of its peer corporates last week in laying out its final business and capital plans to be submitted to the NCUA in time for the March 31 deadline.
Like other corporates, the $4 billion Southeast Corporate Federal Credit Union said today it is on target to submit its final business and capital plans to the NCUA by March 31. It continues to receive support from its member owner credit unions, it says, as evident from a webcast last...