In the second reported rejection of a proposed credit unionmerger in as many days, members of the $96 million Main StreetFinancial FCU of Baton Rouge, La., have turned thumbs down on aconsolidation with the $260 million Jefferson Financial CU ofMetairie, La.
It was unclear Wednesday if the Louisiana credit union membersrejected their takeover offer for the same reason as members of the$63 million Montana First CU of Missoula. They turned down a merger deal with the $432 million Horizon CU ofSpokane Valley, Wash.
But officials of the CUs in all three states acknowledged bothprivate and publicly their concern among some CU members over whatthey see as their fears of losing a local financial provider andhometown CU brand and perhaps a lessening of personal service.
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.
