ALEXANDRIA, Va. – NCUA said last week it approved several more mergers of financially ailing credit unions.
They include: the acquisition of American Savings CU, the $50 million Memphis credit union, by HOPE Community CU, Jackson, Miss; the merger of $30 million Real Financial CU, Edina, Minn., into Royal CU, of Eau Claire, Wis.; and the combination of $4 million Sunrise FCU, in Loveland, Colo., into Norbel FCU, in Fort Collins, Colo.
Other ailing credit unions being merged out are: Canandaigua VA Employees FCU, Canandaigua, N.Y.; E C-2 FCU, Erie, Penn.; Steuben FCU, Philadelphia; Delaware Department of Labor FCU, Wilmington; HRC Employees FCU, Pittsburgh, Penn.; TriCare FCU, Newark, N.J.; Foseco Employees FCU, Brook Park, Ohio; Bishop de Mazenod FCU, Houston; Heritage Corridor FCU, New Lenox, Ill.; Rapids Municipal CU, Wisconsin Rapids, Wis.; Workforce FCU, Fort Worth, Texas; and Timber Country Community CU, Morton, Wash.
