Billion-dollar Los Angeles credit union picks up pieces of small counterpart shuttered by NCUA last week.
A few weeks after its merger plans were scuttled, the $3.1 billion Kinecta Federal Credit Union in Manhattan Beach, Calif., has named Keith Sultemeier as its president/CEO.
Security Service EVP Keith Sultemeier named new CEO at Kinecta as Roger Ballard gives up dual role for return to NuVision.
As the $3.1 billion Kinecta FCU and the $1.1 billion NuVision called off their planned merger, their joint CEO expressed optimism for both.
The $3.1 billion Kinecta Federal Credit Union and the $1.1 billion NuVision CU on Thursday called off what would have been the nation’s second-largest merger of credit unions.
Kinecta-NuVision merger delayed while three-way Ohio merger moved forward; each with a CEO in charge of two credit unions at once.
Member vote for merger with NuVision said not expected until at least mid-2013.