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Corporate America and Louisiana Corporate To Explore Merger

The boards of directors of Corporate America Credit Union and Louisiana Corporate Credit Union last night announced their intent to pursue a merger, pending completion of due diligence and receipt of regulatory approvals.

By Robert McGarvey | Updated on January 20, 2011

The boards of directors of Corporate America Credit Union and Louisiana Corporate Credit Union last night announced their intent to pursue a merger, pending completion of due diligence and receipt of regulatory approvals.

If approved, the resulting credit union–named Corporate America and headquartered in Irondale, Ala.–will serve 514 member credit unions in 26 states. Current Corporate America CEO Thomas Bonds is slated to serve in the same capacity in the merged entity.

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