NEW CASTLE, Del. (4/4/13)--Since the year 2000, Delaware has seen the merger of almost 20 credit unions.
The most recent merger of two Delaware credit unions occurred in mid-March, with $5 million Preferred Financial FCU, Wilmington, merging into $44 million Eagle One FCU, Philadelphia. This month Eagle One will acquire $9 million Lancaster (Pa.) Postal Employees FCU, the Delaware Credit Union League said (DELCU News Spring/Summer 2013).
Reasons for the mergers cited by the league include: