The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge. If successful, the combined institution will serve 300,000 members in 40 branches throughout Los Angeles and Orange counties of southern California.
Update, March 1, 2012: Kinecta, NuVision Cancel Merger Plans
The Manhattan Beach-based Kinecta will be the surviving institution. Although the two credit unions are just now beginning due diligence and have yet to file formal merger documents with the NCUA, NuVision CEO Roger Ballard took over as Kinecta's CEO effective June 1.
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.
