An almost merger of equals between $65M and $150M credit unions is among the planned consolidations.
Oregon’s St. Helens Community Federal Credit Union is now facing a recall of five of its directors to be heard after the Labor Day weekend.
In a change of heart, Maryland’s $388 million Educational Systems Federal Credit Union is putting to rest the idea of a merger conversion fee to help defray expenses in its takeover of the once-ailing $401 million Montgomery County Teachers FCU of Derwood, Md.
Educational Systems FCU and Montgomery County Teachers FCU combine assets.
Two New Hampshire credit unions, the $720 million Northeast Credit Union of Portsmouth and the $112 million Woodlands CU of Berlin, announced last week they intend to merge by year end.
Jane Pannier, CEO of the $75 million REALTORS Federal Credit Union, will take a position as senior vice president at NeighborBench, a cloud-based platform that connects credit unions with a team of compliance experts, on Aug 1.