Trend of Large CUs Merging With Large CUs Continues

ALEXANDRIA, Va. - Large, healthy CUs continue to merge, with NCUA announcing it has approved the following mergers: CommunityAmerica CU, Kansas City ($1.5 billion) with Midwest United CU, Blue Springs, Mo. ($170 million); Meriwest CU, San Jose, Calif. ($1.2 billion) with Golden Bay CU, Mountain View, Calif. ($210 million), and Xerox FCU, El Segundo, Calif. ($725 million) with Tiger FCU, Memphis, the credit union for Federal Express workers ($60 million). That follows recent deals to merge Toyota FCU ($275 million) into Western FCU ($1.2 billion), Capital Power CU ($60 million) into SAFE CU ($1.4 billion), Torrco Employees FCU ($30 million) into Founders FCU ($1.2 billion), and the pending merger of Horizons CU ($35 million) into Security Service FCU ($4 billion).