Ebenezer FCU Merged Into Andrews FCU

NCUA reported last week it had approved the merger of tiny Ebenezer FCU into giant Andrews FCU. NCUA cited lack of sponsor support from the Ebenezer AME Church for the credit union, which claimed just $450,000 in assets. NCUA approved 26 mergers last month, 17 of which will eliminate a small credit union under $5 million, many of them primarily focused on low-income communities. NCUA has approved 137 mergers of small CUs so far this year.