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
Georgia Corporates town meetings begin
DULUTH, Ga. (3/9/11)--Georgia Corporate FCU kicked off Monday the first of its 11 town hall meetings to discuss its corporate structure plans and proposed consolidation with Southwest Bridge Corporate FCU. Georgia Corporate is based in Duluth, Ga., while Southwest Bridge Corporate is based in Plano, Texas. Both corporates are conducting town hall meetings this month. Georgia's 11 webinars in the state will proceed through March 17. Southwest Bridge will hold 26 meetings in eight states--Texas, Arkansas, Florida, Louisiana, New Mexico, Oklahoma, Oregon and Washington--plus two online town halls on March 31 and April 1. The two corporates plan to combine into Catalyst Corporate FCU, pending Georgia's purchase and acquisition of Southwest Bridge. A purchase and acquisition proposal will be submitted to the National Credit Union Administration (NCUA) at about mid-year. The new entity's business plan calls for lower capital requirements than previously required by either corporate. Because of new NCUA regulations, it will maintain a smaller balance sheet to minimize risk. The new corporate would need approval from NCUA and capitalization from members (News Now Feb. 4). For more information about Georgia's meetings, use the Georgia link. For more information about Southwest Bridge's meetings use the second link.
Other Resources

RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
13 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
14 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
15 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
17 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
17 hours ago