If the world is cold, make it your business to build fires, said Horace Traubel. Translation: If your industry is consolidating, make it your business to consolidate. At the moment you may think you have approximately 6,500 possible consolidation partners. However, now is the time to consider a cross-industry transaction...
The NCUA approved 18 completed credit union mergers in June, compared to 15 completed mergers approved in June 2012, the agency said last week.
The credit unions, based in Roseville, Mich., serve residents in Macomb County in suburban Detroit as well as local churches.
In the first half of this year, there have been 132 mergers, surpassing the 114 mergers during the first half of 2012.
Georgia merger combines $282,000 credit union into $11 million counterpart, both in Athens.
The $22 million Kilowatt Credit Union of Madison, Wis., will merge into the $195 million Heartland Credit Union in Madison on Aug. 1.
MedPro FCU merging into Ohio HealthCare FCU but will continue operating under its own name.
The $900,000 Mac Neill Employees CU seeks to merge into the $77 million Priority One CU.
The $6.1 million credit union is asking members to vote on merger with American United Family of Credit Unions FCU in Aug. 9 balloting.
Quiet Corner area of Connecticut gets more attention from Groton-based credit union.