NCUA Approves 41 Credit Union Mergers During 2025’s Third Quarter

Twenty-nine consolidations were approved for expanded services. Seven financial cooperatives got the green light to merge because of poor financial condition; three for inability to obtain officials and two for lack of sponsor support, according to the NCUA report.

Other notable approved mergers for expanded services were in California and Pennsylvania, and in Georgia where a credit union served employees of a global iconic American brand.

Credit unions consolidated for poor financial condition were:

• The $144 million GP Federal Credit Union in Rome, Ga., into the $2.2 billion Credit Union 1 in Lombard, Ill.
• The $30.6 million 1st Choice Credit Union in Atlanta, Ga., with the $779 million Hope Federal Credit Union in Jackson, Miss. (At the end of the third quarter, 1st Choice posted a loss of $1,025,370, according to NCUA financial performance reports.)
• The $31.4 million Mountain River Credit Union in Salida, Colo., into the $122 million Power Credit Union in Pueblo, Colo.
• The $12 million Ambridge Area Federal Credit Union in Baden, Pa., into the $101 million New Alliance Credit Union in Ambridge, Pa.
• The $20.2 million Maumee Valley Credit Union in Toledo, Ohio, with the $85.4 million Bay Area Credit Union in Oregon, Ohio. (Maumee Valley was insured by ASI.)
• The $5.3 million Haxtun Community Federal Credit Union in Haxtun, Colo., into the $233 million Sterling Federal Credit Union in Sterling, Colo.
• The $65,755 A.M.E. Church Federal Credit Union in Metairie, La., with the $278 million New Orleans Firemen’s Credit Union also based in Metairie.

Credit unions merged because of inability to obtain officials were:

• The $102 million U.S. Employees Credit Union in Chicago with the $2.2 billion Credit Union 1 in Lombard, Ill.
• The $886,563 S.T.P Employees Federal Credit Union in Duncansville, Pa., into the $8.9 million A.B. Federal Credit Union also based in Duncansville.
• The $237,833 Morning Star Baptist Federal Credit Union in Clairton, Pa., with the $126 million Tri Boro Federal Credit Union in Munhall, Pa.

Credit unions consolidated because of loss of sponsor support were:

• The $3.4 million SunComp Employees Federal Credit Union in Bristol, Va., with the $242 million United Southeast Federal Credit Union in Bristol, Tenn.
• The $228,735 McKeesport Congregational Federal Credit Union in McKeesport, Pa., into the $287 million Century Heritage Federal Credit Union in Pittsburgh.

Other notable mergers includ

• The $358 million Members 1st Credit Union in Redding, Calif., with the $3.7 million Rogue Credit Union in Medford, Ore.
• The $297 million Benchmark Federal Credit Union in West Chester, Pa., into the $1.8 billion Franklin Mint Federal Credit Union in Chadds Ford, Pa.
• The $206 million Coca-Cola Federal Credit Union in Atlanta, Ga., with the $2.2 billion Associated Credit Union in Norcross, Ga. (Coca-Cola members’ votes on the merger question will be counted on Dec. 11. The credit union serves more than 14,000 members.)

Editor’s Note: The NCUA’s merger approval does not necessarily indicate whether members of the merging credit union approved the consolidation or whether a merger was called off by management.

Peter Strozniak can be reached at peter.strozniak@arc-network.com.