Consolidations

LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.

Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.

Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.

Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.

3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank.

Once the merger between Infinity FCU and Vibrant CU is completed, the combined institution will have 17 branches across five states.

As management teams meet to set their priorities, there is a range of issues, including consolidation, cybersecurity and succession planning, that will likely come up.

Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.

The $10 million-asset institution struggled with profitability, posting a loss of more than $12,000 during Q1.

Members of Mapleton Public Schools FCU still have to approve the merger into Westerra.