News Topic: Consolidations

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The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon. ... Read full article

After rising losses in 2020, First Credit Union of Scranton is seeking members' approval to merge into Penn East FCU. ... Read full article

Discussions to combine Penobscot County Federal Credit Union and The County FCU began in June 2019 but the deal was not completed until the end of 2020. ... Read full article

The combined institution will hold roughly $30 million in assets and serve about 4,000 members. ... Read full article

A look back at a year in which little went according to plan for credit unions. ... Read full article

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

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

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

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

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

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

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

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. ... Read full article

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

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

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. ... Read full article

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. ... Read full article