trending Market Intelligence /marketintelligence/en/news-insights/trending/Fln9CRB86l0CSBhqinivpQ2 content esgSubNav
In This List

CU South merging with Sunbelt FCU

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


CU South merging with Sunbelt FCU

Gulfport, Miss.-based CU South is merging with Laurel, Miss.-based Sunbelt FCU, effective April 1, the Credit Union Journal reported, citing an email from Sunbelt FCU Executive Vice President of Operations Vernon Clevenger.

The financial terms of the deal were not disclosed.

Members of CU South have approved the pending merger, the news outlet added. Upon deal closing, all of the credit union's staff, including CEO Karen Lizana, will join Sunbelt FCU.

As of end-December 2018, Sunbelt FCU has $211.8 million in assets and CU South has about $7.6 million in assets, according to S&P Global Market Intelligence data.

SNL Image