Merger approved last November, made official on Dec. 31. Data integration completed over weekend earlier this month.
The $17 million CWA Long Island FCU has struggled financially and was seeking a merger partner.
None of the merged credit unions had more than $35 million in assets, NCUA reports.
Pioneer CU in Green Bay and Capital CU in Kimberly agree to what they call a consolidation of equals.
Consolidation with $34 million Burns, Ore., credit union second in 18 months for $1 billion SELCO.
If you’re a recent member of Cascade Federal Credit Union in Seattle and the credit union merges, you’ll have a little more money in your account, thanks to a no merger guarantee.
Since January 2008, there has been a credit union merger every 1.5 days and beginning in 2013, this rate has increased to one every 1.3 days.
$85 million Utah credit union says merger forced by declining deposits, stagnant membership growth, technology demands.
The $1.9 million Madison-based Summit CU will merge the $14.8 million VACU later this year now that approvals have been won.
Merger to be finalized in October and will result in $235 million institution.