ALEXANDRIA, Va. The NCUA has approved the mergers of several struggling credit unions, including four more in California.
The regulator reported this morning it has cleared the combination of $34 million Alameda CU into $1.8 billion Provident CU; of $28 million Lutheran CU of America into $256 million America's Christian CU; of $6 million United Workers FCU into $820 million Operating Engineers Local Union #3 FCU; and of $2 million State Employees #84 CU into $410 Valley First CU.
The NCUA also approved the mergers of several other ailing credit unions: $14 million New York Metro FCU into $830 million USAlliance FCU; $18 million CWA Long Island FCU into $910 million Island FCU; and $34 million Greater Oregon FCU into $1.1 billion SELCO Community CU.
Also, $14 million VA Administration CU was approved to merge into $1.9 billion Summit CU;
Also being merged out are: Dr. Pepper Employees FCU in Texas into InTouch CU; Del Monte Eastern Region Employees FCU in Illinois into Rock Valley FCU; Quaker Oats Employees FCU in Tennessee into Southern Security FCU; Farrel Corp. FCU in Connecticut into Personal Care of America FCU; and Cataract City FCU in Niagara Falls into Rediform Niagara Falls FCU.
