Two northern Nevada credit unions, Great Basin FCU of Reno and the ailing Sparks City EmployeesFCU, are merging to form a $114 million co-op, it was announcedWednesday.
The $13 million Sparks City has 1,900 members and was charteredin 1958. Great Basin, established in 1951, has $100 million inassets, 14,500 members and three branches.
The consolidation in the Reno-Sparks metro area is the first inyears since the 2008-2009 wave of consolidation hit hard in LasVegas but also touched Reno as well.
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