The Partnership FCU takes in Fannie Mae FCU to form $140 million institution.
Consolidation creates $88 million credit union. Conversion process expected to be complete by April 1.
Texas regulators have received merger applications from three credit unions. Two want to merge with in-state partners, one with a Kansas credit union.
Consolidation will produce Alliance Catholic Credit Union with $400 million in assets and more than 46,000 members.
Smaller credit union cites economic climate, financial legislation; NCUA figures show declining income.
After rejecting it in January, the membership of Main Street FCU has agreed to merge with Jefferson Financial CU in suburban New Orleans.
Members of Safeway Los Angeles Federal Credit Union voted to merge with the $746 million Xceed Financial CU in El Segundo, Calif.
The financially troubled $24 million Clawson Community Credit Union in Clawson, Mich., has agreed to merge into the $452 million Detroit Metropolitan Credit Union.
The $1.6 billion, 196,700-member Truliant will be merging the 1,500-member, $2.4 million New River Valley Truck Plant FCU.
Credit unions looking for help to prepare a schedule of when and what to communicate to key constituencies during their merger process have another resource.