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 credit union serving the now-closed hospital with the trauma center nearest to Ground Zero is shutting down.
McGraw-Hill FCU CEO says his CU also can use the management, talent and influence of its merger partner.
The credit union that served the primary admitting hospital after the 9/11 attacks is being merged, a year after the hospital itself closed.
After several months of studying the idea, the Maryland and DC Credit Union Association and New Jersey Credit Union League have decided not to merge.
The Maryland and DC Credit Union Association and New Jersey Credit Union Leagues have decided not to merge, they said Thursday.
The Maryland & DC Credit Union Association has been considering a possible merger with the New Jersey Credit Union League as Credit Union Times first reported last Thursday.
Now that it has confirmed that merger talks are under way with its Maryland/DC counterpart, the New Jersey Credit Union League said Friday more regional compacts in the Northeast and Mid-Atlantic can represent a future trend for industry trade groups.