Solutions > September 2011 > From the CEO

As we reported to you earlier this month, Corporate One is extremely proud to announce that Southeast Corporate Federal Credit Union has signed a letter of intent to merge with Corporate One.  Southeast’s board and management conducted a broad analysis of many corporates to assess their ability to best meet Southeast’s objectives for preserving and protecting member capital, maintaining service continuity, and providing a strong long-term value proposition for their members.  And, as a result of this extensive analysis, it was decided that Corporate One provided the best strategic long-term partnership for the member/owners of Southeast. 

Today, our two corporates are working together to complete all the due diligence necessary to meet with the approval of the NCUA, and most importantly, the approval of you, our members.  In the interim, I want to offer you our vision of this merger, excerpted from a communication that Southeast Corporate sent to its own members. In the communication, Southeast explains why Corporate One was chosen as a merger partner and they provide a snapshot of what a combined entity would look like.  I am happy to share this vision statement with you. As you read it, I’m sure you will be proud of what we have built together. Download the Vision Document produced by Southeast

Due to the strong support of our members, Corporate One is in the unique position to expand with the merger of Southeast Corporate. We are so appreciative of your continued patronage and we thank you for your business. With this addition of nearly 400 new members from Southeast, we look forward to offering you additional value through enhanced efficiencies along with the growth potential combining with Southeast Corporate will bring our two organizations.

As you can imagine, we’re excited about the opportunities this merger offers to better serve the members of Southeast Corporate, and you, our loyal members of Corporate One. During the time it takes to perform our due diligence review and conclude any other necessary steps to finalize the merger, we will be communicating to you every step of the way. You can also look on our Web site at www.corporateone.coop/duediligence, to see the latest communications and updates regarding the merger. Of course, in the meantime, feel free to contact me or any member of our senior management team should you have any questions about this unique opportunity.

Best,
Lee C. Butke

Lee Butke can be reached at 866/MyCorp1, ext. 9300 or at lbutke@corporateone.coop.