Growth Strategies

Some members vote against the merger because they fear becoming just an account at a bigger credit union.

If approved by regulators and shareholders, First National Bank Northwest Florida will consolidate with Innovations Financial CU.

Michigan State University FCU plans to buy McHenry Savings Bank and Five Star CU expects to purchase OneSouth Bank.

If approved by regulators and members, the merger could be finalized by Q2 of next year.

Four other credit unions open branches from California to Florida.

If approved by regulators and shareholders, the CU will manage $3 billion in assets and operate 33 locations in three states.