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.
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.