KANSAS CITY, Mo. – CommunityAmerica CU, the state’s largest credit union, yesterday announced it has completed its merger with Midwest United CU, the ninth-largest, creating a credit union with almost $2 billion in assets.
Members of Midwest United received a $6 million merger dividend under the deal, announced last fall.
CommunityAmerica was founded in 1940 as the credit union for Trans World Airlines, while Midwest United was chartered in 1945 to serve employees at Ford Motor Co.’s Claycomo plant.
The combination is one of several in the works that will join two larger credit unions, including: Summit CU and Great Wisconsin CU; First Future CU and California Coast CU; and Visterra CU with Credit Union of Southern California.
