COLUMBUS, Ga.–MEA FCU is being absorbed via merger by Kinetic Credit Union.
The combined credit union is projected to have assets of more than $360 million and 49,000 members; Kinetic Credit Union will be the surviving name and charter.
MEA was founded as Muscogee Educators Association Federal Credit Union in 1960.
Meanwhile, in San Antonio, the $1-billion Firstmark Credit Union said it has finalized its merger of St. Joseph’s Credit Union. Operational integration will be completed by Jan. 31, 2016. The merger has been approved by NCUA and the Texas Credit Union Department.
With the completion of the merger, Firstmark Credit Union will add branch locations in downtown San Antonio on Brooklyn Avenue and in Fredericksburg, Texas. In addition, the credit union will gain approximately 6,100 members St. Joseph CU’s assets of $40 million.
“This merger will greatly benefit members of both organizations,” said Leon Ewing, president and CEO of Firstmark CU. “It gives St. Joseph’s members the added convenience of Firstmark’s 14 branch locations, access to 55,000 ATMs nationwide, advanced technology including online and mobile banking, and increased products and services,” Ewing added.
No staffing changes are expected.