The NCUA board has unanimously approved the charter application for Alloya Corporate Federal Credit Union, as well as its application for merger with Members United Bridge Corporate.

The announcement came in a statement on the Alloya website: "Our dream of creating a new corporate credit union to continue to provide members with the valuable services needed for success is nearly complete, with an expected first day of operation of October 24, 2011."

In that same statement, Alloya made a veiled pitch for new members from current Western Bridge users.

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