Go big or go home. Those five words outline exactly what ishappening with the proposed merger of $1.8 billion Warrenville,Ill.-based Alloya with $1.5 billion Southfield. Mich.-basedCenCorp. It's a marriage of corporate credit unions that, ifapproved by CenCorp members and regulators, will produce an entitywith assets of around $3.3 billion and 1,400 members.

That would place Alloya, which will be the name of the mergedinstitution, in the top tier of corporate credit unions,along with other members of the $3 billion club (Columbus,Ohio-based Corporate One, Irondale, Ala.-based Corporate Americaand Middletown, Pa.- based Mid-Atlantic).

And this may be just the first in a new round of mergers, saidJohnFiore,CEO of Motorola Employees Credit Union, an $800 million institutionin Schaumburg, Ill. An Alloya board member, Fiore said, “We knew wehad to seek ways to grow, and that is hard to do one credit unionat a time.” He added, “The number of corporates is shrinking by theminute. I think you will see more merging. What's available may notbe there.”

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