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Merger Pace Continues in Three States

Three more mid-size mergers of credit unions in Ohio, California and Washington State were in progress this week as the economic slump continued to take its toll.

By Jim Rubenstein | Updated on July 12, 2009

Three more mid-size mergers of credit unions in Ohio, California and Washington State were in progress this week as the economic slump continued to take its toll.

In Ohio, the $90 million Associated School Employees CU of Youngstown said it is merging the $60 million Greater Warren Community FCU. The two credit unions had been in merger talks for nearly two years, but the current poor economic climate in northeast Ohio where mortgages and foreclosures remain troublesome made the CUs go ahead.

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