Members United To Move Forward As Alloya After Successful Recap

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WARRENVILLE, Ill. – Alloya Corporate FCU, the newly chartered remnant of Members United Corporate FCU, said this afternoon it has raised $71 million in new capital, allowing it to move forward with the reorganization under NCUA’s new cpaital rules.

In a notice to members, John Fiore, chairman of the Alloya board and president of Motorolla Employees FCU, said they currently have more than 1000 subscribed members which will make Alloya the largest corporate credit union in terms of credit union membership in the country.

The future of the newly chartered WesCorp FCU, now known as United Resources FCU, remains in doubt as the corporate appeared to be falling short of its recapitalization.

 

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