As part of its second merger of 2016, the California credit union will acquire its first branch in Pennsylvania.
The combined corporate will receive a new name and serve more than 1,200 CUs, leagues and CUSOs.
Member credit unions will soon vote on the consolidation of First Carolina Corporate and Mid-Atlantic Corporate.
Membership growth decreases to 3.7% in April, while share growth rises to 7.1%.
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.