Navy Federal, USA Fed to merge; combined credit union will have over 200 branches worldwide, with 22 located in Southern California, over $43 billion in assets and more than 3.5 million members. Analyst: Credit unions “are not exempt from the same economic problems that have been facing banks,” Nancy Atkinson says. USA Federal Credit Union has 61,000 members and $700 million in assets; Navy Federal will begin joint operations on Oct. 1, pending approval by the National Credit Union Administration.”]
Source: https://www.cuinfosecurity.com/navy-federal-usa-fed-to-merge-a-2921