The NCUA (National Credit Union Administration) has approved the following:

First State Federal Credit Union in Dover, Del, a $13 Million-asset CU, and $11 million-asset Community Federal Credit Union in Tacoma, Wash.

  1. First State is combining with American Spirit Federal CU, which had three straight years of losses.
  2. Community is combining with TwinStar CU which reported a $1.1 million loss in 09.
  3. Specialty Federal CU in Ft. Wayne, IN; Bell Financial Community Federal CU a $5 million-asset CU in Bourbannais, IL; Bramco Employees Federal CU a $1 million-asset CU in Louisville, Ky; and a small credit union in Monrow, CT, Miracle Faith Federal CU.

The tip of the iceberg, stay tuned.


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