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.

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 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.