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Mergers announced in Maine and Kentucky
LOUISVILLE, Ky., and AUGUSTA, Maine (7/12/10)--Credit unions in Maine and Kentucky have announced two pending mergers. In Louisville, Ky., Louisville Metro Police Officers CU, a $14.4 million asset credit union, and Alcan Employees CU Inc., with assets totaling $1.8 million, received approval from members to merge later this year, pending approval from state regulators. The combined credit union will continue to operate as Louisville Metro Police Officers CU, with both branches remaining open, Gale Stivers, president of the credit union, told Business First of Louisville (July 9). Virginia Adcock, manager and president of Alcan will continue to work at its location. Alcan serves families of employees at Reynolds Flexible Packaging. Louisville Metro Police serves members of law enforcement and their families in Louisville and Jefferson County. In the second merger, which will be effective Oct. 1, Alliance of Maine FCU, Augusta, and Hannaford Associates FCU, Portland, will join forces to become Trademark FCU, according to the Maine Credit Union League's Weekly Update (July 9). The merger announcement said both credit unions had similar histories serving employees and families of one company. Alliance of Maine, a $30 million asset credit union, serves Central Maine Power employees and families, while Hannaford Associates serves Hannaford Bros. employees and families. Judy Griffin, president/CEO of Alliance of Maine FCU, and J Hunter King, president/CEO of Hannaford Associates FCU, said the merged credit union will serve employees of more than 25 companies in their original groups.


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