That precedent-setting deal by Michigan’s United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.
Volunteer Corporate Credit Union has announced that its members, at a special Nov. 22 meeting, overwhelmingly approved the proposed merger with West Virginia Corporate FCU.
VACORP vote expected in November for merger to be finalized next March.
First Community Credit Union, Beloit, Wis., announced that the members of Rock County Employees Credit Union, Janesville, Wis., have voted to merge their credit union into First Community Credit Union.
Battle Creek, Mich., CU picks up 1,500 members to add to its 29,000.
The $385 million First South Financial Credit Union of Bartlett, Tenn., is adding to its Memphis-area footprint by merging the $12 million Dyersburg CU.
CEOs in 10-minute sitdown explain reasons for consolidation.
The $540 million Great Lakes Credit Union in Illinois has had a big year in mergers–four of them–and its latest of the long-troubled Federated Family CU provides Great Lakes first entry into Wisconsin.
Sudden retirement of Northwest Community CEO led to end of merger move between healthy CUs as new CEO settles in.
Combination would create a single nationwide shared branching network for U.S. credit unions.