IRONADALE, Ala. – Corporate America CU said this morning it has hired Pete Pritts, the former CEO of Arizona’s FirstCorp CU, as president and CEO of the $2 billion corporate credit union.
The move comes as the troubled Arizona corporate has agreed to a rare purchase and assumption merger with Catalyst Corporate FCU. Corporate America itself failed in its efforts earlier this year to combine with Louisiana Corporate CU.
Pritts, who resigned as FirstCorp CEO a year ago, will succeed Thomas Bonds, who resigned earlier this year as the LaCorp merger was collapsing. Corporate America CU has been headed by former NCUA executive Dan Buckley, its executive vice president, on an interim basis since then.
Pritts has 25 years of experience in corporate credit unions and will take over the Alabama corporate on Nov. 19.
Corporate America serves 500 credit unions and operates SmartSource Solutions Inc., Corporate Financial Solutions, Inc.. and Corporate Brokerage Services, Inc. CUSOs.