ALEXANDRIA, Va. – NCUA this afternoon approved the combination of Treasure State Corporate CU in Montana and Kansas Corporate CU, one of seven corporate mergers pending.
Kansas Corporate will be the surviving institution, with about $600 million in assets and 200 members. The merger, which has also been approved by regulators in both states, is expected to be completed Jan. 1.
The action comes a month after NCUA approved the merger of Pennsylvania’s Mid-Atlantic Corporate FCU with Virginia Corporate FCU.
Earlier this afternoon NCUA awarded the bidding on the remnants of WesCorp FCU to Catalyst FCU, which was created by the recent merger of Southwest Corproate FCU and Georgia Corporate FCU.
The other corporate mergers in progress are: Corporate One FCU with Southeast Corporate FCU; Alabama’s Corporate America CU with Louisiana Corporate CU; and Tennessee’s Volunteer Corporate CU with West Virginia Corporate FCU.
Two corporates have also moved to voluntarily dissolve, North Dakota's Midwest Corporate FCU and Iowa Corporate CU.
