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News Now

CU System
Mergers announced by CUs in several states
MADISON, Wis. (5/19/11)--Mergers continue to reshape the credit union industry. Among the mergers taking place:
* Texas Dow Employees CU, $1.6 billion in assets, Lake Jackson, Texas, and Bluebonnet CU, $80 million in assets, Houston, have agreed to merge. * American 1 FCU, $178 million in assets, Jackson, Mich., is merging with Premier Financial CU, $56 million in assets, Clinton Township, Mich. * TruStone Financial FCU, $664 million in assets, Plymouth, Minn., has agreed to merge with $6 million-asset Ukrainian CU, Minneapolis. * Cal State Central CU, $110 million in assets, Santa Rosa, Calif., will merge into $1.7 billion-asset Redwood CU, also of Santa Rosa (California Department of Financial Institutions Monthly Bulletin April 1). * Metro CU, $780 million in assets, Chelsea, Mass., has merged with University CU, $58 million-asset, Boston.


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