The deal brings 18 Delaware credit unions and two new board members to the Cooperative association.
In its third merger deal of 2016, the $19.9B credit union will acquire San Antonio's first cooperative in August.
If approved, the league’s merger with the Cooperative association will form the first four-state league.
Since 2012, 10 credit unions have bought 11 banks; this year, two deals were announced and one was completed.
The $1.24B North Island’s CEO, Steve O’Connell, previously led the $1.53B California CU.
The NCUA approves 32% more mergers in the first quarter of 2016 than it did one year prior.
New three-part video module addresses merger trends, benefits and negotiation techniques.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
The deal will bring PenFed’s assets to about $19.8 billion.
CU Times readers weigh in on the network credit union proposal and merger challenges.