Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Space Coast merger with Eastern Financial Fla. okayed
ALEXANDRIA, Va. (6/25/09)--The National Credit Union Administration (NCUA) on Wednesday announced that Melbourne, Fla.-based Space Coast CU will merge Miramar, Fla.’s Eastern Financial Florida CU into its operations. The NCUA has monitored the operation of Eastern Financial following it’s entry into conservatorship in April of this year. The NCUA had always intended to sell Eastern Financial or merge it’s operations with another credit union, and Space Coast, which currently holds $1.7 billion in assets from over 160,000 members, will now serve Eastern Financial’s 200,000 members. Space Coast announced the merger in April, but the NCUA did not confirm or deny any planned merger at that time. The merger is the second in a week, as $42 million-in-assets Community Trust CU merged with $333.4 million-in-assets Self-Help FCU of Durham, N.C. earlier this week.


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
3 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
3 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
4 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
4 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
7 hours ago