ALEXANDRIA, Va. (12/15/11)--The National Credit Union Administration (NCUA) Wednesday approved a merger between Treasure State Corporate CU, of Helena, Mont., and Kansas Corporate CU, of Wichita, Kan. Kansas Corporate remains as the continuing corporate credit union.
The agency assured that both corporate credit unions are financially sound but sought the merger as a way to benefit from greater efficiencies and increased service volumes that the merger could bring without significant additional expense. The merger is expected to be effective as of Jan. 1, 2012.
Treasure State is a $230 million state-chartered corporate serving 57 credit unions and provides a wide range of correspondent services. Kansas Corporate is a $315 million state-chartered corporate providing its 148 member credit unions access to correspondent services, investment solutions, liquidity solutions, and technology services.