Affinity Plus Federal Credit Union Merges with City & County Employees Federal Credit Union (CCEFCU)

University Credit Union Acquires Abilene Christian University Credit Union

March 4, 2025

Financial Services

University Credit Union (UCU) and Abilene Christian University Credit Union (ACU Credit Union) have merged, with the transaction approved December 18, 2024 and ratified February 1, 2025. Core banking system conversions were completed March 2, 2025, and the combination expands UCU’s presence in Texas while giving ACU members access to UCU’s digital banking, broader ATM/branch network, and enhanced financial products.

Magnifi Financial Acquires Financial One Credit Union

October 1, 2022

Financial Services

Magnifi Financial merged with Financial One Credit Union effective October 1, 2022, following board approvals and a member vote. The combination expands Magnifi's presence in the greater Twin Cities (adding branches in Blaine, Coon Rapids and Columbia Heights), brings Financial One's indirect lending capability into the organization, and results in a combined organization with nearly $2 billion in assets, ~85,000 members and a 25-branch network.

UniversalCIS Merges With Credit Plus

October 5, 2021

Financial Services

UniversalCIS and Credit Plus have merged to form the largest technology-enabled provider of credit data and verification solutions in the North American mortgage market, serving over 6,500 clients. The combined business—backed by Lovell Minnick Partners' earlier investment—will employ more than 750 people, be headquartered in Philadelphia, and keep existing operations centers across 12 states; financial terms were not disclosed.

Keesler Federal Credit Union Merges with Jefferson Financial Federal Credit Union

May 28, 2025

Financial Services

Keesler Federal Credit Union will merge with Jefferson Financial Federal Credit Union, with Keesler as the surviving institution effective July 1, 2025. The deal adds more than $700 million in assets, 14 Greater New Orleans branches, roughly 45,000 members, and more than 145 Jefferson Financial employees to Keesler, expanding the combined credit union's Gulf South footprint and branch network.

American Plus Bank Acquires Long Beach Branch of United Fidelity Bank (d/b/a International City Bank)

May 7, 2025

Financial Services

American Plus Bank completed the acquisition of the Long Beach branch of United Fidelity Bank, fsb, which operates as International City Bank. The transaction transfers approximately $74 million in loans and $117 million in deposits to American Plus Bank as it expands its Southern California footprint.

Michigan State University Federal Credit Union Acquires Algonquin State Bank

August 31, 2023

Financial Services

Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Algonquin State Bank and its parent, First Algonquin Company. The transaction, which is subject to customary regulatory and shareholder approvals and expected to close in late Q1 2024, expands MSUFCU’s presence in the Chicago market and increases its Illinois footprint to 10 branches (35 branches across two states) and contributes to a combined institution with roughly $8.3 billion in assets.