The NCUA announced Monday that Montgomery County Credit Union of Dayton, Ohio merged into Bridge Credit Union of Columbus, Ohio effective Jan. 31.
The Superintendent of the Ohio Division of Financial Institutions placed Montgomery County Credit Union into conservatorship on April 23, 2015 and appointed NCUA as the agent for the conservator. The two agencies worked together to address issues related to the credit union's safety and soundness.
Bridge is a federally insured, state chartered credit union that, prior to the merger, served 7,714 members and had assets of $52 million, according to the credit union's most recent Call Report.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
