Navy Federal Credit Union, the nation’s largest, is making 2011 the year for fix up and makeover for many of its worldwide branches.
There were plenty of high-profile merger deals in 2010 highlighted by big West Coast combinations accompanied by voluntary and involuntary consolidations plus conservatorships.
Now set to complete its merger of the $605 million USA Federal Credit Union of San Diego, the $43 billion Navy
The $43 billion Navy Federal Credit Union, on course to complete its merger of the $605 million USA Federal CU of San Diego, is providing new USA Federal members a yearend timeline on the integration process of products and services.
With voting set to start this week, CUNA members representing a group of the smallest credit unions will be facing a contested election for one of the seats on the CUNA board of directors.
The nation's attention may be on the Nov. 2 mid-terms but there's plenty of election-year jockeying this month for the CUNA Board of Directors.
The handful of financial consulting firms that track national and individual credit union data is getting some competition
The $41 billion Navy Federal Credit Union announced Sept. 13 it will merge the $605 million United Services of America FCU of San Diego, which fell to 2.76% net worth as of June 30.
The planned October merger by Navy Federal Credit Union of the ailing USA Fed CU last week generated both catch-your-breath predictions on the nation's future CU landscape plus stand- your-ground pledges by one West Coast competitor.
One of Navy Federal Credit Union's biggest West Coast competitors, the $4 billion Alaska USA FCU, said Monday it has never been much interested in making a merger bid on the troubled $604 million USA Fed CU of San Diego.