Lincoln, Neb.-based Community Hope FCU is merging with Papillion, Neb.-based Cobalt CU.
Cobalt is 30 days into the legal process of acquiring National Credit Union Administration and the State of Iowa approval to add the Community Hope membership to the Cobalt team, according to an Aug. 26 news release from Cobalt.
Community Hope CEO Mark Koller intends to retire after the completed merger.
Cobalt holds assets that exceed $1 billion, while Community Hope has assets totaling $372,000, according to the release.
