March 1, 2015 is the target date for the $27.2 million 1st Choice Community Federal Credit Union in Erie, Pa., to merge with $392 million Erie Federal Credit Union, also in Erie. Though 1st Choice Community posted a net worth of 7.59% at the end of the third quarter, its ROAA was 0.02%, according NCUA financial performance reports.

The $13.1 million Chemical Credit Union in Clinton, Iowa, announced Nov. 10 it plans to merge with the $601 million DuTrac Community Credit Union in Dubuque, Iowa. Chemical posted a net worth of 15.87% and its ROAA was 0.06% at the end of the third quarter, according to NCUA financial performance reports.

In North Carolina, the $6.7 million Hanover Federal Credit Union in Wilmington, N.C., will merge with the $290 million Piedmont Advantage Credit Union in Winston-Salem, N.C., Nov. 30. As part of the merger, James Hurley, president/CEO of Hanover, will retire, according to a Piedmont Advantage statement. At the end of the third quarter, Hanover posted a net worth of 8.99%. Its ROAA, however, was negative 2.35%, NCUA financial performance reports showed.

On Nov. 1, the $13.7 million Georgia Coastal Federal Credit Union in Brunswick, Ga., merged into the $296 million Five Star Credit Union in Dothan, Ala. At the end of the third quarter, Georgia Coastal posted a net worth of 3.06% and a ROAA of negative 0.06%, according to NCUA financial performance reports. Georgia Coastal is the second financial institution absorbed by Five Star in seven months. In May, the credit union finalized its acquisition of the $21 million Flint River National Bank in Camilla, Ga.

The $31 million Affinia Federal Credit Union in Kettering, Ohio, merged with the $77 million Heartland Federal Credit Union in Dayton, Ohio, Nov. 1. Though Affinia posted a net worth of 23%, its ROAA was negative 0.39% at the end of the third quarter, according to NCUA financial performance reports. Joan Dunsky, general manager of Affinia, was appointed chief administrative officer for Heartland, according to a prepared statement.

In Nebraska, the $14 million Kearney Eaton Employees Federal Credit Union will merge with the $38.8 million Kearney Federal Credit Union in early 2015. Kearney Eaton Employees had a net worth 12.73% and a ROAA of 1.51% by the end of the third quarter, according to NCUA financial performance reports. In a prepared statement, the credit unions said a new name and brand will be announced during next year's first quarter.

On Nov. 1, the $13.6 million Winnebago County Schools Credit Union in Rockford, Ill., consolidated with the $89 million ISU Credit Union in Normal, Ill. At the end of the third quarter, Winnebago County Schools CU posted a net worth of 6.25% and a ROAA of negative 0.33%, according to NCUA financial performance reports.