Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Catalyst Corporate Merger on track
DULUTH, Ga. (8/29//11)--Integration work is progressing as the Sept. 6 date for the planned launch of Catalyst Corporate FCU in Duluth, Ga., draws near. If the National Credit Union Administration (NCUA) approves the proposed merger of Southwest Bridge Corporate FCU and Georgia Corporate FCU, Catalyst Corporate will be the new entity. The NCUA board is scheduled to review the merger request at its meeting today. If the weekend’s weather prompts a government closure, the meeting will be held at 2 p.m. ET Tuesday. Following the NCUA Board’s review, the members of Southwest Bridge Corporate will conduct a member vote during an in-person meeting on Tuesday at its offices in Plano, Texas. Details regarding the proposed merger and ballots were sent to Southwest Bridge Corporate’s membership in mid-August. Members can vote by mail. Results of the member vote will be known shortly after the meeting. “We continue to be optimistic that the input from hundreds of members and the extensive year-long integration planning will culminate in a successful merger and launch of Catalyst Corporate on Sept. 6,” said Greg Moore, president/CEO of Georgia Corporate FCU. As of Thursday, 875 members have committed $92.7 million to capitalize Catalyst Corporate FCU. Shortly after its launch, Catalyst Corporate will begin promoting two upcoming events:
* The Economic Symposium, which will be held in Atlanta, Sept. 28-29; and * The Economic Forum, which will be held in Frisco, Texas, Oct. 25-26.
Both events will be open to all credit unions, regardless of membership, Moore said.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
11 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
13 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
13 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
13 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
15 hours ago