The NCUA announced Monday that Montgomery County Credit Union of Dayton, Ohio merged into Bridge Credit Union of Columbus, Ohio effective Jan. 31.
The Superintendent of the Ohio Division of Financial Institutions placed Montgomery County Credit Union into conservatorship on April 23, 2015 and appointed NCUA as the agent for the conservator. The two agencies worked together to address issues related to the credit union's safety and soundness.
Bridge is a federally insured, state chartered credit union that, prior to the merger, served 7,714 members and had assets of $52 million, according to the credit union's most recent Call Report.
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