Members of Louisiana Corporate Credit Union would not be required to obtain new capital after their corporate institution is merged into Corporate America Credit Union, under preliminary plans announced by the two corporates.
They said on Thursday that they plan to create a $3.9 billion-asset entity, the third such merger unveiled in the last two months.
Corporate America and Louisiana Corporate are gathering information and conducting due diligence before agreeing that the business case is sound enough to proceed with the merger, they said.
The corporates also said that they have also discussed their potential deal with regulators.
