The $2.2 million SMW9 Federal Credit Union has merged into the $1.2 billion Westerra Credit Union effective Sept. 1.
The NCUA approved 23 mergers in July in 18 states, bringing the total number of approved mergers to 155 for 2013.
Consolidation creates $83 million institution in Rockford area.
Consolidation to create $815 million North Texas institution with 65,000 members and 13 branches.
California consolidation to create $166 million institution.
Billion-dollar operation will continue USU Charter FCU brand as division of Goldenwest.
Four in California, national number at 155 for the year.
The $1.9 billion Chartway Federal Credit Union in Virginia Beach, Va. announced Aug. 13 it will consolidate two previously merged Utah-based credit unions effective Oct. 1. The two credit unions–HeritageWest and Utah Central–are both located in the greater Salt Lake City area and were merged into Chartway in 2010 and...
Merged credit unions will maintain their individual brands.
Combination would be followed by retirement of longtime ICCU President/CEO Mark Heth.