30 Credit Unions Merge During Sept.; 239 So Far

Register now

NCUA approved 30 credit union mergers in September, up from just 19 in August, making a total of 239 for the first three quarters of the year. Included in the September approvals were19 involving one or more small CUs of $5 million of less, making a total of 136 small credit unions that have disappeared through mergers so far this year.

The biggest mergers approved in September were: Credit Union 1, Anchorage, Alaska ($430 million) with North County CU, Fairbanks ($25 million); Twin County CU, Olympia, Wash ($475 million) with Power-Tech FCU, Vancouver, Wash. ($27 million); Rochester Ukrainian FCU, Rochester, N.Y. ($85 million) with Self Reliance Syracuse N.Y. FCU ($20 million); and Oregon FCU, Coquille, Ore., ($145 million) with Washco Community FCU, Hillsboro, Ore. ($24 million).

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER