Capital Community CU Seeks NestingMates
GRAND RAPIDS, Mich. - (03/20/06) Capital Community CU launchedsome big expansion plans last month with approval from NCUA toacquire three nearby credit unions through mergers. The $220million credit union, formerly known as Lansing Community CUobtained approval from NCUA to merge with three smaller creditunion based in nearby Wyoming, Mich.: Spartan Stores CU ($10million); Allied Employers CU ($7 million) and Associated Builders& Contractors CU ($4 million). The he biggest mergers approvedin February were: Chevron FCU, Oakland, Calif. ($875 million) withChevron Pascagoula FCU, Pascagoula, Miss. ($27 million); Sooper CU,Denver ($140 million) with Colorado Central CU, Arvada, Colo. ($70million); Mutual Savings CU, Birmingham, Ala. ($150 million) andCaraway Methodist CU, Birmingham ($20 million) and Superior CU,Lima, Ohio ($180 million) with Member 1 CU, Lima ($20 million).NCUA approved 21 mergers last month, including 11 erasing a smallcredit union, one of less than $5 million.