Philadelphia’s $1.4 billion TruMark Financial Credit Union has agreed to take over the distressed $1.5 million Kenrick FCU in suburban Wynnewood.
The Houston-area, $37 million Space City and the $20 million Independence Parkway FCU of La Porte, Texas, plan to merge this summer.
Combination would yield a $57 million survivor as healthy equals pair up.
The $2.3 billion State Employees Credit Union in Linthicum, Md., is planning its first merger in several years.
Having won NCUA approval, the $1.7 billion Chevron Federal Credit Union of Oakland, Calif., said it is merging with the $175 million Spectrum FCU of San Francisco in a deal set for final completion this September following a March 28 member vote.
Members of 5,100-member Atlanta credit union approved merger with $2 billion Atlanta Postal CU on Feb. 28; consolidation expected by June 30.
Two northern Nevada credit unions are merging to form a $114 million co-op.
In a pre-Presidents Day transaction, Connexus has won member approval to merge Maple Hill Credit Union and is looking to consolidate a second Wisconsin CU.
Next step is raising capital, vote from current Southeast Corporate members.
In this Print Preview from next week's edition, industry experts look behind the recent rejection of proposed mergers in Louisiana and Montana.