When John Unangst joined Franklin Mint Federal Credit Union in 1976, he knew little about credit unions, but he did realize what could happen if the single-sponsor CU failed.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
The market for credit union credit card portfolios has slowed down.
A $600 million credit union has ended an agent issuing card relationship with FIA Card Services and is launching an agent issuing program with Elan Financial Services.
The $600 million Franklin Mint Federal Credit Union of Broomall, Pa., announced last week an agreement in principle to merge the $52 million
The $600 million Franklin Mint Federal Credit Union of Broomall, Pa. announced an agreement to merge the $52 Main Line Health Employees FCU of Bryn Mawr in a deal to be completed in the third quarter.
Michael B. Magnavita, Franklin Mint Federal Credit Union executive vice president and chief financial officer,