Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Alloya Corporate FCU is new name of Members United
WARRENVILLE, Ill. (4/22/11)--Members United Bridge Corporate FCU has a new name: Alloya Corporate FCU. The name, which is a combination of the words "All," "Alloy," and "Loyal," was announced Thursday by John Fiore, chairman of the Warrenville, Ill.-based corporate's Members Advisory Council (MAC), in a letter to members posted on the corporate's website. Fiore noted the name has received trademark clearance and has been filed with the U.S. Patent and Trademark Office for registration. For a 70-second video that demonstrates the attributes of the name, use the link. "Our criteria required that the name be distinctive, memorable, and timeless," he said. "We sought to project the values of an entity that is within the system, is member-owned, is central to the members' business, and is where service to members is paramount. We wanted the name to have energy, sound and look good, and stimulate discussion. Finally, we wanted a non-traditional name to reflect the difference in our business model." "Work continues with our attorneys to complete the private placement memorandum for the capital offering. We are also finalizing the schedule for a series of town hall webinars to discuss details of the plans, the private placement memorandum, and to answer questions," Fiore said. The webinars will take place throughout May and June, with the first two webinars tentatively slated for May 4 and 5. Over the next few weeks, the corporate will transition to a new website for Alloya to segregate information about Alloya Corporate from the day-to-day transactions of Members United Bridge. More information on the transition will be available at the MAC website. The corporate had filed its capital plan on March 18 with the National Credit Union Administration (NCUA). Last week, NCUA's Office of Corporate Credit Unions informed the corporate it has no objection to the capital plan (News Now April 19).
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
16 minutes ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
50 minutes ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
3 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
5 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
6 hours ago