First announced in July 2014, the merger will become effective Feb. 28.
Alloya Corporate FCU names Todd Adams the corporate’s new CEO.
The Lenexa, Kan.-based CNP provides core processing services used for cash management by more than 2,000 credit unions.
Todd Adams made senior vice president and Kevin Brauer named chief operating officer.
Core Network Processing LLC, a CUSO that provides core processing and an Internet portal to eight corporates, has inked a pact with Alloya Corporate Federal Credit Union for technology and related services.
Corporate said it will be providing technology and related services to Core Network Processing LLC, a CUSO that provides processing, Internet portal to eight corporates.
Alloya issued its financial statement and in it the corporate reported, "On a year-to-date basis, Alloya Corporate has recorded net income of $9.6 million."
Charles Furbee, who retired from the Federal Reserve Bank of Chicago in March 2004, has been named CEO of the conserved Members United Corporate FCU.