The $1.4 billion Alloya Corporate FCU announced Wednesday that its merger with the $1.4 billion Central Corporate Credit Union was completed effective Tuesday.
Under the terms of the merger agreement, the Alloya board of directors was expanded to 11 members, and includes four members from Michigan who had been on CenCorp's board.
They include Cheryl DeBoer, president/CEO of the $705 million First Community FCU of Parchment; Robin Frucci, CEO of the $550 million LAFCU of Lansing; Peter Gates, CEO of the $1.3 billion Michigan Schools and Government CU of Clinton Township; and Patrick White, general manager of the $370 million Flint Area School Employees CU of Flint.
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