And then there was one step to go.
|Members of Southwest Bridge Corporate voted overwhelminglyTuesday to support forming the new corporate credit union Catalyst,an entity set to rise from a merger of Southwest with GeorgiaCorporate.
|Some 98% of the 685 Southwest members that voted supported themerger and thus creation of Catalyst, according to a statement fromAmy Fuller, COO at Georgia Corporate.
|The first step this week was winning approval for the mergerfrom NCUA, which came on Monday.
|Next up is the third and last step, which is a vote by theGeorgia Corporate board. That vote is slated for Wednesday.
|In a statement, Georgia Corporate said, “The merging corporateshave raised approximately $93 million in capital from 875 members,representing 74 percent of previous capital shareholders.”
|Greg Moore, CEO of Georgia Corporate, confidently added thatcome Sept. 6, Catalyst will open its doors to serve its members.
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