Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (07/13/2009)
* TACOMA, Wash. (7/14/09)--Members of Tacoma-based $59 million asset MilePost CU have approved a merger with Sound CU, a $419 million asset credit union also in Tacoma, according to both credit unions' websites. MilePost, which held a special membership meeting June 30, said the approval rate was over 90%. The merger will be effective Sept. 1, said Sound CU. According to a local newspaper, the combined credit union will have about $477 million in assets. MilePost has 6,600 members and Sound has 37,400. There will be no branch closures or layoffs (The News Tribune July 11). Sound has 13 previous mergers under its belt … * YOUNGSTOWN, Ohio (7/14/09)--Two Ohio credit unions have announced they will merge, effective Aug. 1. The Greater Warren Community FCU, Warren, will become part of the Associated School Employees CU, Youngstown, and will adopt Associated School's name, they announced (Business Journal Daily). The combined credit union will have $150 million in assets and more than 20,000 members. Greater Warren Community President Brian McCue will become chief financial officer of the combined credit union, with Michael J. Kurish remaining president/CEO. All eight offices will remain open and all employees will keep their jobs, said Kurish.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
23 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
23 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago