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News Now

CU System
Singing River FCU acquires Coastal Waters FCU
MOSS POINT, Miss. (1/14/10)--Singing River FCU Tuesday said it completed its acquisition of Mobile, Ala.-based Coastal Waters FCU. The $138.1 million-asset, Moss Point, Miss.-based Singing River officially opened its doors Jan. 4 to $7 million-asset Coastal Waters’ former 2,000 members (al.com Jan. 12). The merger, which was approved by the National Credit Union Administration several weeks ago, gives Singing River 19,000 members and about $145 million in deposits at four branches, including the former Coastal Waters branch in Mobile, the website said. Singing River told the publication it now has 54 full- and part-time employees. The credit union is available to anyone who lives, works, attends school or goes to church in George, Greene and Jackson counties in Mississippi, and Baldwin and Mobile counties in Alabama.


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