System United Corporate Federal Credit Union and Alloya Corporate Federal Credit Union announced their intent to merge Wednesday. If approved by SunCorp.'s 190 members and by the NCUA, the resulting corporate would be the nation's biggest by number of members.
"We will have about 25% of the nation's credit unions," said Alloya SVP Victor Vrigian, who put Alloya's present member count at around 1,500. Asset size as of March 31 was $2.9 billion.
"This is early in the game. Both parties have to do due diligence. The hope is for a definitive agreement in September," he said.
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