06/08/2022 10:02 pm
INDIANAPOLIS–A review of newest half-dozen disclosure forms by credit unions proposing to merge finds some of the usual reasons being cited, but also one case of a board of an acquiring CU apparently deciding if the CU it is merging in will return any capital to members, a CU being acquired that had double the net income of the acquiring CU (even though the former is half the size of the latter) and just one CU returning any of its net worth to its owners.
