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February 01, 2016

Montgomery County CU merged into Bridge CU in Ohio

Montgomery County Credit Union (Dayton, Ohio) merged into Bridge Credit Union (Columbus, Ohio) effective Jan. 31, NCUA announced Monday.

Bridge CU, prior to the merger, served 7,714 members and had assets of more than $52 million, according to the credit union's most recent call report. Montgomery County CU was placed into conservatorship last April. At the time of the merger, the credit union had 6,254 members and assets of more than $26 million.

The Superintendent of the Ohio Division of Financial Institutions and NCUA worked together to address the issues affecting Montgomery CU and determined a merger was in the best interest of its members.

Montgomery County CU was chartered in 1963 and served anyone who lived, worked, worshiped or attended school in Montgomery County, Ohio.