After a year of due diligence, a second mega-merger of WestCoast credit unions, the $4.7 billion consolidation of Kinecta FCUand NuVision FCU, has moved a major step closer with a formalapplication filed with the NCUA.
Update, March 1, 2012: Kinecta, NuVision Cancel Merger Plans
The planned consolidation due for completion “next January or inthe first months of 2012” pending regulatory and member approval,would create an entity with 51 branches, 112 ATMs and 300,000members, said Roger Ballard, who has been serving as president/CEOof both credit unions for the past year.
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