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WARRENVILLE, Ill.-Natural-person credit unions are still skeptical about their corporate counterparts, and one person said much of that boils down to the options available to small to mid-size CUs.
"I think some large credit unions have found alternatives already," said John Fiore, vice chair of the recently launched Alloya Corporate FCU. Going forward, "I think the fact that they've gone out and found alternatives, it's going to be pretty unlikely that they're going to come back and bring that business back."
Fiore, like many others who spoke to Credit Union Journal, posited that most corporates will find themselves battling over small to mid-size CUs, something echoed by his colleague and Alloya CEO, Charles Furbee.
"That's the sweet-spot for corporates," said Furbee, pointing specifically to $150-million to $200-millon CUs.
Alloya, which officially opened for business in late October following...