Texas-based corporate says its aim is to ease transition to new corporate after winning right to buy remnants of WesCorp.
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.
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 $2.3 billion Georgia Central Credit Union may be the apparent front runner or leading choice to take over the NCUA-conserved Southwest Corporate Bridge FCU of Dallas.