Mississippi, Florida credit union executives join board of merged corporate.
Corporate One CEO confirms layoffs though not how many.
Extension to June 29 in bid to raise $75 million ahead of merger with Corporate One.
Thursday was deadline for corporate members to contribute capital in advance of planned merger with Corporate One.
Final step is meeting capitalization goal of $75 million.
Ask corporate credit union senior executives what keeps them up at night and for many, it’s whether they can grow their business.
Next step is raising capital, vote from current Southeast Corporate members.
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.
“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.