Kansas Corporate and Missouri Corporate Merger Effective July 1, 2015
The National Credit Union Administration (NCUA) approved the merger of Missouri Corporate Credit Union (MCCU) into Kansas Corporate Credit Union (KCCU) during its closed meeting May, 21, 2015, clearing the way for the entities to finalize their merger.
“NCUA approval was one of the last regulatory hurdles in the merger process, and we are very excited, for our organizations and memberships, that we are one step closer to finalizing the process,” said KCCU Chairman, Tom Kjar, and MCCU Acting Chairman, Ron Miller, in a joint statement. The official merger date is July 1, 2015, with the operational merger scheduled a month later, August 1, 2015.
The combined corporate credit union will provide a comprehensive suite of financial services including liquidity, investment, asset/liability management and correspondent solutions, to member credit unions located throughout the Midwest and Montana.
“We’re excited for the opportunity to serve MCCU members and we look forward to continuing the trusted relationships Missouri Corporate staff have cultivated through the years. Maintaining a presence in the St. Louis area is critical to our future success as it allows us to respond timely to local needs,” states Kent Gleason, KCCU Interim CEO.
“Seeing our shared vision of a regional corporate credit union focused on service, above all else, come to fruition is rewarding. That our members will gain immediate access to new services, specifically the KCCU AIM Service – a customized ALM solution that includes modeling, NEV reporting and analysis, and financial analyst support, gives them another important tool in meeting regulatory guidelines and financial goals,” says Kitty Gray, former MCCU President/CEO and current KCCU CFO.
Although merged under the Kansas Corporate brand, a new name for the organization will be announced in the near future.
Please contact Kitty Gray with any comments or questions at firstname.lastname@example.org, or at email@example.com or at 314.542.1335.
Our size is just right
Safety is of paramount importance
If you’re interested in all the things a big corporate credit union can provide but in a more personal setting, we are the corporate for you. We pride ourselves on delivering outstanding member service, easy access to our senior management team, patient and professional help with your problems, and competitive rates and pricing……all focused on you and not on size. Here are our member’s expectations – and we deliver on them:
“Be Invisible” – We don’t even want to know you are there. We have too many other things to do, so be “invisible” to us so we don’t have to take time to deal with you.
“Make it Simple” – A cousin to “invisibility.” Keep the processes simple. We don’t have time to conduct complicated tasks.
“Be Competitive” – You don’t have to pay the highest rates or charge the lowest fees but you have to be competitive.
“Be Sustainable” – Don’t offer me a product and then cancel it. Be there when I need you.
Safety has always been, and remains, our number one priority in investing member’s funds. Check out our most recent CreditWorthiness Report by clicking here.
Missouri Corporate’s 2014 Independent Auditors’ Report, which includes footnote disclosures, various management reports and other required disclosures, can be viewed by clicking on the following link 2014 Annual Report.
coreCONNECT User Training
Please register for one of the following webcast in July for coreCONNECT user training:
Tuesday, July 14, 2015 at 2:00 PM CT
Wednesday, July 15, 2015 at 1:00 PM CT
Thursday, July 16, 2015 at 10:00 AM CT
If you miss a live webcast, a recorded session will be available to view at your convenience. If you would like to participate in multiple sessions, you are welcomed to do so.
Thank you for your support and patience as we merge our two entities. Please do not hesitate to call us at 800-826-5228 with any questions.