Pentagon Absorbs 7th Military CU Via Merger
Pentagon FCU said it has acquired another credit union, its seventh-merger mate in the past two years. In its latest deal, the $8-billion credit union giant will absorb Fort Buchanan FCU, a $90-million credit union that serves Fort Buchanan, Puerto Rico, and several select groups affiliated with the military base. Over the past two years the nation's third largest credit union has acquired Budget FCU, Fort Shafter FCU, Coast Guard Employees FCU, D.C. Veterans Affairs Medical Center FCU and Fort Hood Military FCU. All except Budget FCU, which serves employees of the White House Office of Budget and Management, are Defense Department related.