Alloya Corporate Federal Credit Union – the entity hoping to rise out of Members United Bridge – announced in a website posting that it has succeeded in raising $71 million in capital commitments, just above the $70 million minimum it had set to go forward.
The Tuesday statement – signed by Motorola Employees Credit Union CEO John Fiore, who also serves as chairman of the Alloya Charter Advisory Group – indicated that "additional capital contributions are expected."
Fiore also claimed Alloya has over 1,000 members, making it "the largest corporate credit union in terms of credit union membership in the country."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
