Integrations

North Side Community FCU served the underbanked before it joined Great Lakes earlier this month.

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

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.

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.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.

Credit unions can usually limit attrition of consumer accounts after a bank acquisition, but maintaining relationships with business customers is the bigger challenge.

Spartan FCU members approved a deal earlier this year to join South Carolina Federal Credit Union.

Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State.

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.

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

Having already recently absorbed Los Angeles-based Cedars-Sinai FCU, Credit Union of Southern California is now set to pick up tiny FedONE FCU.

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.

Rising premiums and lengthy earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they'll be able to meet the promised cost-cutting and revenue targets.

When M&T Bank was acquiring Wilmington Trust in 2011, it tapped into Abigail Mrozinski's deep understanding of its newly added wealth business to help the merger go smoothly.

The combined organization, representing nearly 500 member credit unions, is expected to launch early next year.

National Credit Union Administration regulations make it difficult for banks to buy credit unions, but one Texas bank may have found a partial way around that.

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

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