Growth Strategies

The deal represents the third credit union bank acquisition in the Hoosier State since May.

The first consolidation will yield a new billion-dollar CU; the second merger will create the fifth largest cooperative in Illinois.

The New Jersey-based CU explains how it strengthened its business member relationships.

Destinations CU partnered with Operation Hope to help CU and community members get back on track financially.

3Rivers FCU expects to close a $37 million cash acquisition of West End Bank by Q1 of 2020.

Consolidations are up slightly from Q1, but substantially down compared to Q2 mergers over the last five years.