Educational Systems CEO said fee in a merger deal may be breaking new ground but that it’s only fair to his existing members.
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.
Proposed merger's benefits being stressed this time around.
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.