Consolidations

Columbus Metro Federal Credit Union members will have access to more products, including commercial loan services, and 14 branches with the merger.

Canoga Postal's merger plans mark the second consolidation in a month for institutions serving USPS employees.

Acquirers shelved plans to buy banks this year as the coronavirus became widespread, but a combination of factors could spur the confidence to restart those conversations in the months ahead.

Members of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union.

Coast 2 Coast Financial Credit Union has agreed to join the Florida-based Achieva, which previously acquired two community banks.

New analysis from CEO Advisory Group shows the asset size of merged institutions rising along with the number of mergers.

The deal, PenFed's second merger announcement with a significantly smaller credit union, would expand its footprint into the Midwest.

Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. It could be a harbinger of more deals among larger players.

If the deal is approved, the $6.4 million-asset credit union would drop its federal share insurance upon joining Towpath Credit Union.

A deal bringing Charleston County Teachers Federal Credit Union into the fold is South Carolina Federal’s third acquisition of 2020.

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio.

State College FCU is seeking member approval to fold into Horizon CU, citing ongoing challenges finding members to serve on its board of directors and supervisory committee.

The combined institution will serve almost 75,000 members with nearly $660 million in assets.

The deal is expected to close sometime next year but is still subject to regulatory and member approval.

Members of St. Matthews Federal Credit Union are set to vote on whether to join the $2.3 billion-asset Chartway before the end of the year.

Having already changed charters for a statewide field of membership, the Jackson, Mich.-based institution will now merge with Washtenaw Federal Credit Union.

Go Federal Credit Union CEO Bert Beal will take the helm of the combined institution once they join America's Credit Union.

A pending combination with Animas Credit Union will broaden the Albuquerque-based institution's reach in northern New Mexico.

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year.

The two institutions have assets of more than $215 million and serve over 12,000 members.