The merger rhetoric on bridge corporates continued to percolate Monday with David Chatfield, the new head of a West Coast task force on the subject, suggesting three already conserved corporates be consolidated.
Speaking out in connection with recommendations from the special California/Nevada Credit Union League corporate task force which now encompasses eight states, Chatfield identified the conserved trio as U.S. Central, WesCorp and Southwest Corporate FCU.
"To ensure a permanent, lasting system we will need aggregation and if these three got together that would clearly create the desired volume," said Chatfield, the former president/CEO of the league and now chairman of the Corporate Realignment Task Force.
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