Two San Antonio credit unions, the $150 million River City FCU and the $4 million Southeast Community CU, announced they will be merging July 1 after receiving regulatory and member approval.
Kim Heinze, president/CEO of River City, said talks on a merger began in early 2009 following the NCUA assessment but were suspended for a time before resuming earlier this year when Southeast management "decided they would rather seek out a partner after all."
River City is "particularly glad" to have been chosen by Southeast "since their CEO is on the Texas league board and is familiar with many other small credit unions in the state," Heinze said.
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.
