The merger rhetoric on corporates brought a fresh call last week from the retired head of the California-Nevada Credit Union Leagues, David Chatfield, that three already conserved corporates be consolidated.
Speaking out in connection with his new role as the voluntary head of a special league-based corporate task force encompassing eight states, Chatfield identified the conserved trio as U.S. Central, WesCorp, and Southwest Corporate FCU.
"To ensure a permanent, lasting system we will need aggregation and if these three got together that would clearly create the desired volume," said Chatfield, named two weeks ago chairman of the corporate realignment task force.
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