Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Hamden FCU Wepawaug Flagg FCU to merge
HAMDEN, Conn. (6/9/10)--Two Hamden, Conn.-based credit unions have agreed to merge, with Hamden FCU joining Wepawaug Flagg FCU, pending approvals from members and regulators. The credit union will operate under the Wepawaug Flagg name. Hamden FCU Chairman and CEO Kevin Shields said the credit unions wanted to provide expanded services to members. Another key factor in the decision was the increase in regulations in the past few years, he said (Euclid Infotech June 5). The merger is expected to close on June 30, according to Michael Hinchey, president/CEO of Wepawaug Flagg FCU. There are no plans to close branches, and the credit union hopes to retain Hamden FCU employees, he said. Chartered in 1962, the nearly $7 million asset Hamden FCU has an office in Hamden and one at Southern Connecticut State University in New Haven serving more than 1,800 members. Wepawaug Flagg FCU, established in 1936, serves more than 30 select employer groups, including certain municipal employees of New Haven and the Board of Education employees in Hamden and Cheshire. It has nearly $64 million in assets and serves more than 10,500 members.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
17 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
19 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
20 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
21 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
21 hours ago