Friday, May 2, 2014

Three NCUA Assisted Mergers in First Quarter of 2014

Three credit unions were merged with assistance from the National Credit Union Administration during the first quarter.

The credit unions were Jayhawk FCU (Lawrence, KS), Union Settlement Federal Credit Union (New York, NY) and Oldham Family Alliance Federal Credit Union (Baltimore, MD).

Jayhawk was merged into Mid America CU; Union Settlement was absorbed by Lower East Side People's; and Oldham Family Alliance was merged into Members First of Maryland.

NCUA did not disclose the nature of the assistance provided to the three closed credit unions.

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