Fifteen credit union mergers from New Hampshire to California were either finalized or announced during the first month of 2015 and will thrust one cooperative into the billion-dollar club if members and regulators approve the consolidation.
However, nine of the credit unions merged out of existence were under $50 million in assets.
The board of directors for the $10.1 million HealthCom Federal Credit Union in Dalton, Ga., announced Jan. 5 that it is planning to merge later this year with the $997 million Georgia United Credit Union, which will make the Duluth, Ga.-based organization the sixth billion dollar cooperative in the Peach State.
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