X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
NCUA official seal NCUA official seal. (Source: NCUA)

Charter expansion applications were approved for 28 credit unions, according to the NCUA’s Q1 Merger Activity and Insurance Report released in May. The report also showed more than 150 credit unions secured automatic multi common bond charter expansions for small occupational or associational groups.

Ten applications for five credit unions that got the OK for underserved area charter expansions included the $749 million CBC Federal Credit Union of Oxnard, Calif. (4); the $98.8 million Bragg Mutual Federal Credit Union of Fayetteville, N.C. (2); the $1.7 billion Meritrust Federal Credit Union of Wichita, Kan. (2); the $1.3 billion Wright Patman Congressional Federal Credit Union in Washington D.C. (1) and the $52.2 million Breco Federal Credit Union in Baton Rouge, La. (1).

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.