NCUA Approves Big Mergers

- ALEXANDRIA, Va. (09/06/00) - NCUA approved eightlarge mergers in July in which both credit unions were over $10million in assets. The federal regulator approved 23 mergers inJuly, making a total of 186 combinations approved for the firstseven months of the year. The total is down slightly from the 202approved in the same period last year but still on pace for one ofthe busiest years for mergers in the past five years. The biggestmergers approved in July: Credit Union Central Falls, CentralFalls, R.I. ($520 million) with Park Square CU, Woonsocket, R.I.($65 million); Sunmark FCU, Schenectady, N.Y. ($140 million) withWatervliet Arsenal FCU, Watervliet, N.Y. ($32 million);Communication FCU, Oklahoma City, Okla. ($220 million) with ONECU,Tulsa, Okla. ($34 million); Orange County Teachers FCU, Santa Ana,Calif. ($415 million) with Anaheim City Employees CU, Anaheim,Calif. ($34 million); Cal State Employees 13 CU, Redding, Calif.($22 million) with FENC FCU, Redding, Calif. ($26million).