
More CT Credit Unions Look to Merge
Connecticut’s credit union consolidation continues with three more deals in the works, including one involving the state’s smallest credit union.
Connecticut’s credit union consolidation continues with three more deals in the works, including one involving the state’s smallest credit union.
East Hartford-based America’s First Network Credit Union has completed its third merger in the past 12 months after acquiring Groton Municipal Employees Federal Credit Union last week.
With two mergers already completed this year, Connecticut could see two more credit unions join with larger organizations in the coming months.
Trumbull-based America’s First Network Credit Union has completed its second merger this year after acquiring East Hartford-based Connecticut Transit Federal Credit Union.
Trumbull-based America’s First Network Credit Union is about to complete one merger and last week applied for another.
After a seemingly quiet couple of years, bank mergers and acquisitions have picked up in Connecticut. And lenders are challenged to deal with the disruptions they cause in customers’ lives.
When Labor Day Weekend is over, Rogers Employees Federal Credit Union will cease to exist.
Rogers Employees Federal Credit Union has filed an application to merge into Trumbull-based America’s First Network Credit Union, according to a recent filing from the Connecticut Department of Banking.