Consolidations

The Michigan-based institution is one of a handful of credit unions that have bought or announced deals to acquire banks over the last two years.

Embers Credit Union and Upper Michigan Community CU will open their doors as a merged institution on June 3, nearly a year after members voted to approve the deal.

A planned merger between Van Cortlandt Cooperative FCU and USAlliance FCU was called off despite approval from regulators.

Members at Starcor Credit Union have approved the merger into St. Cloud Financial.

The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt.

There have been six of these transactions announced this year and more are likely as credit unions look for loan and deposit growth.

The two leagues expect to spend the rest of this year integrating the merger, which will become effective no later than Jan. 1.

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After the merger is completed, Cedars-Sinai Federal Credit Union's one branch will be relocated.

The bank agreed to pay $150 million to California to settle charges it hid the risks on the sale of mortgage bonds pre-crisis; foreign suitors circle Commerzbank while Deutsche Bank seeks answers.

The two banks’ CEOs used a public hearing to argue their merger will be a boon for underserved markets. But other speakers warned that bank consolidation hurts communities.

Deutsche Bank and Commerzbank ended talks on a historic tie-up, throwing the future of the lenders into question after a series of failed turnaround plans.

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

The proposed combination of Sharon Credit Union and Crescent Credit Union still needs approval from regulators and members.

Price Chopper Employees Federal Credit Union is the second institution to merge into the Latham, N.Y.-based Sunmark in recent months.

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The Delray Beach-based credit union entered into the deal as part of a broader expansion push along Florida's Treasure Coast.

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in the Sunshine State.

Incenta Federal Credit Union in Englewood, Ohio, will merge into Pathways Financial in Columbus next week.

The Tacoma, Wash.-based Sound touted the deal as the first time a credit union bought a bank in the state of Washington.