OMAHA, Nebraska – Let the public discussion begin about the proposed Nebraska Corporate Central FCU/SunCorp Corporate CU merger. At press time, the first of three town hall style meetings was being held in North Platte, Nebraska. Both Nebraska Corporate Central FCU President/CEO Mike Keim and SunCorp Corporate CU President/CEO Eric Kenealy will be present to discuss the proposed merger, and answer any questions. Keim said so far he's not heard one negative comment about the merger, and he'd be surprised if the vote wasn't unanimous in favor of the merger. "Our board already considered a regional corporate. The study cost thousands of dollars and spanned six months. That type of structure was just not in best interest of Nebraska credit unions. By the time you put together the infrastructure and management, it would be years before our members saw any return," he said. Keim is referring to a study conducted by five Midwest corporates. He said the problem is that since they all signed confidentiality agreements not many Nebraska CUs know about it. He said that's going to change. He plans on sharing that information at the town hall meetings, and without getting too specific letting them know the board decided that based on the study it didn't make sense. There will be two more town hall meetings on Friday June 28, one in Lincoln and one in Omaha.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.