Credit unions in Virginia, Maryland, Pennsylvania and Arizona recently announced new mergers.

The $20.6 billion Pentagon Federal Credit Union in Alexandria, Va., announced Nov. 21 its fifth merger agreement this year with the $101 million Energy Federal Credit Union in Rockville, Md.

Though PenFed said in a prepared statement that members of Energy FCU approved the merger by an "overwhelming margin," the final vote tally was not released.

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
NOT FOR REPRINT

© 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.