A merger with VACORP was not his first choice, said Mid-Atlantic Corporate FCU President/CEO Jay Murray in offering perspective on the announcement earlier this week that the two corporate credit unions planned to merge.
Mid-Atlantic Corporate Federal Credit Union and VACORP Federal Credit Union today announced their intention to pursue a merger, according to a joint announcement.
The $2.3 billion Georgia Central Credit Union, the state's corporate engaged in active merger talks on the NCUA-conserved Southwest Bridge Corporate FCU, has become a federal charter, its president/CEO, Greg Moore, confirmed Tuesday.
Provided the NCUA releases its final corporate rule in September, the $1.4 billion Virginia Corporate FCU will add a session to its Oct. 13 Financial Strategies Conference in which it will unveil its new business plan.
Three corporate credit unions that use the Member$MART online application are midway through upgrading to a second-generation system that meets the latest Federal Financial Institutions Examination Council requirements.
Members of the $3.3 billion Southeast Corporate FCU, the $1.6 billion VACORP FCU and the $2.4 billion Georgia Central CU, joint members of CUSO Corporate Synergies, are mid-way through an upgrade to the CUSO's Member$MART online application.