ALEXANDRIA, Va. – NCUA said Friday it approved another 21 credit union mergers, more than half of which will erase ailing credit unions.
Among them are: Webster, Mass.’s Webster FCU’s deal for $20 million Filene Employees FCU; Reno, Nevada’s Great Basin FCU acquisition of $13 Sparks City Employees FCU and Chicopee, Mass.’s Polish National FCU’s merger of $65 million Valleystone FCU in nearby Wilbraham, Mass.
Also, State Employees CU of Maryland, the $2.3 billion credit union in the Baltimore suburb of Linthicum, Md., has been approved to acquire $82 million Ann Arundel County Employees FCU; Connexus CU in Wausau, Wis., was approved to merge $45 million Tower CU in Wausau; and Hermantown (Minn.) FCU was approved to acquire $30 million Metro CU in Superior, Wis.
Other troubled credit unions approved to be merged out include: $7 million Hometown FCU, Quincy, Ill. (into United Community FCU in Quincy); $3 million Madison (Wis.) V.A. Employees CU (into Dane County CU in Madison); $9 East Bay Postal CU in Oakland, Calif. (into Pacific Postal FCU in San Jose).
