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News Now

CU System
Two Maryland CUs to merge
LAUREL, Md. (9/13/11)—The National Credit Union Administration has approved the merger between Market USA FCU, with $92 million in assets, Laurel, Md., and National Capital FCU, $7 million in assets, Landover, Md., with Market USA continuing as the ongoing financial institution. When the merger is finalized at the end of the month, Market USA will have nearly nearly 22,000 members (Washington Business Journalvia The Washington Post). It is the second merger of two Washington-area credit unions in less than a month. Last month, Apple FCU, Fairfax, Va., absorbed Synergy One FCU, Manassas, Va. to create a $1.35 billion asset institution (News Now Aug. 16).


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