As the federal government moves closer to requiring publicly traded companies, including stock banks, to disclose information related to climate change, other banks and even credit unions could feel the effects.
Bethel-based Consolidated Controls Corp. Federal Credit Union has merged into Shelton-based Mutual Security Credit Union, with the transaction completed on April 1.
With two mergers already completed this year, Connecticut could see two more credit unions join with larger organizations in the coming months.
A planned merger between two western Connecticut credit unions has been called off. Shelton-based Mutual Security Credit Union has withdrawn its application to merge with Merritt Federal Credit Union in Wilton.
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.
Two western Connecticut credit unions plan to merge in a move that could be completed next spring.
