DALLAS — Southwest Corporate Federal Credit Union said that a merger of two regional offices of the Federal Home Loan Bank (see related item page 10) will not have a major impact on Southwest Corporate or the other approximately 80 credit unions that might be impacted.
The two offices which the FHLB is considering merging are located in Chicago and Dallas. So far the possible merger is only being considered and studied and no firm decision has yet been made.
"Their discussions are in the very early stages," said Southwest Corporate Executive Vice President Bruce Fox after speaking with a FHLB representative. "There is not a lot in the way of timetables, they are just exploring to see if it makes sense to members."
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