Former executives admit to stealing funds at cooperatives in Kansas and Michigan.
Mergers active in Kansas, Louisiana, Ohio, Michigan and Texas.
$105M Arizona credit union signs with San Jose firm Quorum.
A former credit union manager pleaded guilty in U.S. District Court in Topeka, Kan., on June 17, admitting she embezzled $93,500 from the $1.5 million Jayhawk Federal Credit Union in Lawrence, Kan.
Former Jayhawk FCU manager Karolyn Stattelman pleads guilty to stealing $93.5K and helping teller steal $81K.
The former manager of the $1.5M Kansas credit union and a teller stand accused of stealing $174,000.
The 17 mergers approved by the NCUA in February is up from 12 in January, but down from 20 approved in February 2013.
Seventeen consolidations were approved in February, down from 20 in February 2013 and 19 in February 2012.
Topeka and Wichita groups participate in community service projects.
Too many merging credit unions disregard credit and debit card portfolios in their merger negotiations and preparations and this can result in needless expense and member problems, according to credit union and CUSO executives.