Motorola Employees Credit Union
, Schaumburg, Ill., said that the $750,000 payment last December to members represents the money that remained after the credit union paid operating expenses and regular dividends for the year and set aside an amount for reserves.
At Motorola Employees Credit Union
, an $888 million institution in Schaumburg, Ill., CEO John Fiore said in an interview, "I have never had a member ask what I make, ever.
And this may be just the first in a new round of mergers, said John Fiore, CEO of Motorola Employees Credit Union
, an $800 million institution in Schaumburg, Ill.
At Alloya, John Fiore, a leader in the drive to capitalize that corporate and also the CEO of Motorola Employees Credit Union
, indicated that he expected Alloya to aggressively compete for members among western state credit unions.
Target capitalization is $100 million, which Alloya believes will give it the financial standing to operate a $2 billion balance sheet, according to John Fiore, the CEO of Motorola Employees Credit Union
who is chairing the Alloya formation committee.
The name selection was announced in a statement issued last week by the MAC and signed by John Fiore, CEO of Motorola Employees Credit Union
, in his capacity as chairman of the MAC.