MIDDLETOWN, Penn./GREENSBORO, N.C.–Two corporate credit unions that earlier announced merger plans–Mid-Atlantic Corporate FCU and First Carolina Corporate CU–have now announced the new name for the combination: Vizo Financial Corporate Credit Union.
In a statement the two CU said “Vizo is a vision. A vision where credit unions thrive in the present and expand in the future. For Vizo Financial, this vision is not just a goal, but a mission.”
“The name Vizo Financial signifies that the credit union movement’s vision of a successful and cooperative future is possible,” said Jay Murray, president/CEO of Mid-Atlantic Corporate in a statement. “We chose the name because we feel it evokes the futuristic sense that accompanies our vision, while still maintaining the integrity that credit unions are so proud of.”
“Our vision is to help credit unions survive well into the future, and we do that by offering relevant products and services that make credit unions competitive,” said David Brehmer, president/CEO of First Carolina. “The name Vizo Financial is a reminder of what our organization does every day to make that vision a reality.”
Vizo Financial will serve more than 1,200 credit unions, leagues and CUSOs in 46 states and Canada, and will offer a multitude of services including balance sheet management, payments, technology, liquidity, risk management, video production and more.
The official merger date of the two organizations is scheduled for Oct. 1, 2016.
The two corporates have released a video to tell the story behind the new Vizo Financial name, which can be found here.