As November comes to an end, a dozen merger deals were announced or completed in Georgia, Hawaii, Illinois, Iowa, Massachusetts, Nebraska, North Carolina, Ohio, Oregon, Pennsylvania, Virginia and Washington.
The $1.1 billion Sound Credit Union in Tacoma, Wash., announced completing its consolidation Nov. 1 with the $4.7 million Darigold Federal Credit Union in Shoreline, Wash. Though Darigold posted a net worth of 14.23% at the end of third quarter, its return on average assets was negative 7.16, according to NCUA financial performance reports.
In Hawaii, the $22.9 million Aloha Federal Credit Union in Honolulu, merged Nov. 1 with the $1.3 billion HawaiiUSA Federal Credit Union, also in Honolulu. NCUA financial performance reports showed Aloha posted a net worth of 6.05% at the end of September with a negative 4.01% on its ROAA.
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