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Texas CUs in merger.

Two San Antonio credit unions, the $150 million River City FCU and the $4 million Southeast Community CU, announced they will be merging July 1 after receiving regulatory and member approval.

Kim Heinze, president/CEO of River City, said talks on a merger began in early 2009 following the NCUA assessment but were suspended for a time before resuming earlier this year when Southeast management "decided they would rather seek out a partner after all."

River City is "particularly glad" to have been chosen by Southeast "since their CEO is on the Texas league board and is familiar with many other small credit unions in the state," Heinze said.
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Title Annotation:NEWS BRIEFS
Publication:Credit Union Times
Date:May 5, 2010
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