Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Several new CU mergers announced
MADISON, Wis. (11/16/11)--Mergers continue to reshape the competitive landscape for credit unions.

Among the latest mergers in the works:

  • Community 1st CU, Ottumwa, Iowa, with $359 million in assets, and Mental Health Institute (MHI) CU, with $2.2 million assets, Mount Pleasant, Iowa, have announced their merger. MHI CU will temporarily continue to operate at its location inside the Mental Health Institute. Plans are under way for a location off site to open membership to residents of Mount Pleasant and surrounding communities.
  • Apple FCU, Fairfax, Va., completed its merger with Synergy One FCU, Manassas, Va., on Nov. 1. Apple is the continuing institution, adding $180 million to its $1.3 billion in assets, 45 new employees and $116 million in loans.
  • Peninsula Methodist FCU, Crisfield, Md., with $300,000 in assets, has merged into Dover (Del.) FCU, which has more than $300 million in assets.
  • The Kansas Department of Credit Unions and the National Credit Union Administration have given preliminary approval for a merger of $385 million asset Credit Union of America, and $70 million asset First Choice, both of Wichita, Kan. The merger must still be approved by the memberships of both credit unions.


RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
18 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
18 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
19 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
20 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
20 hours ago