Mergers, FOM & Name Changes
JACKSONVILLE, Fla.-Seaboard Credit Union has expanded its charter to anyone who lives or works in Duval County. The 77-year-old credit union had been SEG-based, and was founded to serve employees of Seaboard Railroad.
BATTLE CREEK, Mich.-The $195-million OMNI Family Credit Union is making a slight change in its name to OMNI Community Credit Union, as it now serves anyone in Barry, Branch, Calhoun, Eaton, Kalamazoo or St. Joseph counties.
TOLEDO, Ohio-Members Capital Credit Union has been absorbed via merger by Sun FCU. Members Capital primarily serves the employees, retirees and family members of the telecommunication industry, Washington Local Schools, Ottawa Hills Schools, and the Lucas County Educational Service Center. After the merger SFCU will serve more than 36,000 members with 12 offices located in Ohio, Pennsylvania and New Jersey with assets of $275 million.
NORTHVILLE TOWNSHIP, Mich.-Macomb Schools and Government Credit Union and SOC Credit Union have merged and are now operating as Michigan Schools and Government CU. According to the Michigan league, it is the first time two CUs in the top 10% asset tier in the state have ever merged. The new institution has $715 million in assets and 65,000 members.
BIRMINGHAM, Ala.-The $190-million University FCU here has a new name: Legacy Community FCU. Originally chartered to serve the University of Alabama, it expanded in December 2003 with a community charter.
PALO ALTO, Calif.-The $22-million CH2M HILL FCU, Corvallis, Ore., plans to merge into the $1.7-billion Addison Avenue FCU. CH2M HILL FCU serves CH2M HILL, a multinational engineering firm with around 14,000 employees throughout the United States.
WYOMISSING, Penn.-New Visions Community FCU has completed its absorption via merger into Discovery FCU. The former New Visions office will become a branch of DFCU.
RIVERSIDE, Calif.-March Community Credit Union will change its name to Visterra Community CU on March 6. The credit union was founded to serve March Air Force Base, and in 1999 converted to a state-chartered community credit union. The name change was overseen by Weber Marketing Group.