Extension to June 29 in bid to raise $75 million ahead of merger with Corporate One.
Thursday was deadline for corporate members to contribute capital in advance of planned merger with Corporate One.
In an emergency move with the NCUA, Justice Federal Credit Union of Chantilly, Va., is merging the Georgia Department of Public Safety Credit Union.
Final step is meeting capitalization goal of $75 million.
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
Effective May 1, the $170 million United Bay Community Credit Union of Bay City combined with Kalamazoo’s $28 million Access First FCU.
Where there seven now there are three in Maine's Aroostook County on the Canadian border.
The $917 million SELCO Community CU in Eugene, Ore., said it has now completed merging the $40 million Forest Park FCU in Portland, Ore.
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.