With its NCUA Utah merger deal under its belt, the $1.5 billion Chartway Federal Credit Union of Virginia is still bent on scouting out more struggling CUs in the West and Midwest for possible acquisition "and may have another to announce some time soon," said Ronald Burniske, the president/CEO.
"We did have another credit union in a Southwest state undergoing financial troubles and showing an interest but they've told us they think they can go it alone," said Burniske, who has been candid about his CU ambitions for national field of membership growth.
Following its Dec. 31 NCUA-approved merger of the $311 million HeritageWest of Tooele, Utah, Chartway now has 55 branches in 10 states and 200,000 members.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
