ALEXANDRIA, Va. – NCUA reported Friday it approved 19 more mergers, half of which include an ailing credit unions being merged into a healthy one.
Among the mergers approved: Bellwood FCU, a $55 million Richmond, Va., credit union being merged into $125 million Henrico FCU; $27 million Roanoke (Virginia) County Schools FCU being acquired by $34 million Roanoke Valley FCU; Frederica FCU, a $38 million Brunswick, Ga., credit union, merging into Alabama’s $185 million Dothan FCU; and $18 million CVPS Employees’ FCU in Rutland, Va., being combined into $290 million Heritage Family FCU.
Other troubled credit unions being merged out include: Ellwood City Holy Redeemer Parish FCU, Ellwood, Penn. (into Freedom United FCU); Kenrick FCU, Haverton, Penn. (into Trumark Financial CU); EWOD FCU, New Castle, De. (into Union Building Trades FCU, N.J.); Crestmont Baptist FCU, Willow Grove, Penn. (into Freedom FCU); Moorehead (Minn.) FCU (into Central Minnesota FCU); H.B.E. FCU, Seward Neb. (into Liberty First FCU); and Rockford (Ill.) Newspapers FCU (into Rockford Bell FCU).
