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.
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.