Seven meetings, spread across Mississippi and Florida, now loom on Brad Miller's calendar as the CEO of Southeast Corporate Federal Credit Union takes the question of the corporate's future to its 400 credit union members.
"By the end of April, we want to have a good feeling for our members' willingness to recapitalize us at an $80 million level," Miller said. Southeast's NCUA deadline is Sept. 30, but Miller indicated he wanted the ability to explore alternatives in the event the recapitalization push fails. Alternatives might include merger with another corporate, for instance. "What's crucial is maintaining continuity of services to our members," Miller said.
For now, however, he is optimistic that there will be sufficient interest in recapitalizing Southeast, based upon informal talks he has had with members.
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