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New letters of support regarding merger with Corporate One

As we at Southeast continue to work diligently toward a merger with Corporate One Federal Credit Union, we are pleased to share with you new letters of encouragement and support from our members.

James Smith, Jr., President/CEO, Singing River FCU, Moss Point, MS

“After much consideration, Singing River FCU fully supports the merger of Southeast Corporate and Corporate One. Furthermore, we are in agreement to commit the required capital based on the capitalization model offered by Corporate One.

As we considered merger options for Southeast corporate, two important factors drove our direction: Number one, which merger option fully protects our existing capital? Number two, which merger option continues the level of service that we have benefitted from in our partnership with Southeast Corporate?” read more

Chris Rutledge, President/CEO, Gulf Winds FCU, Pensacola, FL

“Gulf Winds FCU strongly supports the merger of Southeast Corporate and Corporate One and will commit capital at the Partner level under Corporate One’s capitalization methodology.  

I believe the selection of Corporate One as Southeast Corporate’s merger partner is in members’ best interests, represents the best alternative for protecting our existing capital now and into the future, and will provide long term benefits to the credit unions Southeast serves. The combination will build member value by creating efficiencies, enhancing product and service offerings, and maintaining the high level of service we have enjoyed from Southeast Corporate.” read more

Debbie Jones, President/CEO, UT FCU, Knoxville, TN

“I have had the privilege of serving as an official of Southeast Corporate FCU since 2007, first as Chair of the Supervisory Committee and the last several years as Secretary of the Board. As someone that has been involved with the credit union movement for over twenty years, I have witnessed some of the industry’s best times and, lately, some of its most challenging.

For more than thirty years Southeast Corporate has been a leader in the credit union movement. Competitive products and unsurpassed member service has always been what this Corporate has delivered. As the economic landscape changed over the last few years, the Board and Management of Southeast Corporate worked together to create plans that would protect our members’ capital and ensure that member services were not interrupted. As we have reached this turning point, part of me is sad to see what we have built together being consolidated with another corporate credit union; however another part of me is very excited about the prospects of being part of a larger, better capitalized, more diversified, and stronger corporate that will positively impact our collective future.” read more

You can view more letters of support by visiting the Member-Owner Info Center at www.secorp.org.