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Summit in North Carolina Solicits 'Affiliate' CU Mergers

Summit Credit Union of North Carolina, which has long experience in operating multiple credit unions, said this week it is taking its expertise to new levels by "reaching out to small credit unions" across the state to allow name and structure retention.

By Jim Rubenstein | Updated on April 19, 2009

Summit Credit Union of North Carolina, which has long experience in operating multiple credit unions, said this week it is taking its expertise to new levels by “reaching out to small credit unions” across the state to allow name and structure retention.

In marketing its “affiliate merger” venture to small CUs which want to retain identities, the $117 million CU in Greensboro said its program “combines the familiarity members of small credit unions appreciate with the convenience and advantages of doing business with a larger institution.”

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