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.
- First State is combining with American Spirit Federal CU, which had three straight years of losses.
- Community is combining with TwinStar CU which reported a $1.1 million loss in 09.
- 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.