Integrations

UNCLE Credit Union is continuing its expansion into the Stockton, Calif., market via merger with Allied Trades CU.

CorePlus Federal Credit Union will acquire Connecticut Community CU in a merger expected to close later this year, pending regulatory and member approval.

While the merger was legally completed nealry a year ago, it was not until recently that the process of integrating the two institutions' technology was wrapped up.

The Arlington, Texas-based credit union now has more than $1.2 billionin assets and serves more than 114,000 members. The merger was first announced last spring.

If the merger is approved, the combined $2.2 billion-asset credit union would serve members in five states: Alaska, Arizona, California, Washington and Wyoming.

With the $14 million-asset credit union’s CEO retiring, Monad membership voted to merge.

Hutchinson, Kan.-based Central Kansas Credit Union has signed an intent-to-merge agreement with Wichita-based Credit Union of America.

Newly expanded Justice Federal Credit Union now has 27 branches in 8 states, plus D.C.

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

Net income at Lansing Postal Community Credit Union has been on the decline and the CU has struggled due to the consolidation of postal services from Lansing to other parts of the state.

The two Lima, Ohio-based CUs will combine to create a $44 million-asset institution.

Federal credit union regulators approved the merger late last year, and the two institutions are targeting a final closing date of June 11, 2018.

York County FCU and Atlantic FCU announce intent to merge. The announcement came on the heels of news that another CU's expansion into York County was granted.

The Wisconsin-based Marine CU, $759 million in assets, has acquired the tiny Bent River Community CU of Iowa, with just over $18 milllion in assets.

Utah-based America First CU is expanding into Arizona.

Portland FCU will convert to a state charter as part of the merger, and all employees of both institutions are expected to be retained.

Another tiny credit union is being absorbed by its much larger counterpart in the ongoing consolidation of the industry.

My Choice FCU had assets of just $1.5 million, compared to the $3.7 billion assets held by Tinker FCU.

Small Michigan CU will merge into BlueOx Credit Union of Battle Creek.

Citizens Community CU -- which entered conservatorship after a ten-fold rise in delinquent loans -- will merge with First Community of Jamestown, N.D. early next year.