ALEXANDRIA, Va. – NCUA on Wednesday reported it approved five more mergers for $1 billion-plus credit unions, continuing a growing trend of the largest credit unions growing through mergers.
The approvals include Chevron FCU’s deal for $175-million Spectrum FCU, Chevron’s third merger of the past year; and Wisconsin’s Community First CU’s merger of $13-million Newvision CU, Community First’s third deal in a year.
NCUA also approved mergers for $3-billion Mountain America CU (of $16-million Pocahy Family FCU); $2-billion Atlanta Postal CU (of $24-million Human Services’ Employees FCU) and Massachusetts’ $1.1-billion Rockland CU (of Sturdy CU).
Several other big credit unions were cleared for mergers: Louisiana’s Campus FCU, Chicago’s Great Lakes CU and Ohio’s Superior CU.
