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2 Ohio credit unions merging

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2 Ohio credit unions merging

Lima, Ohio-based Superior Credit Union Inc. and Cincinnati-based Cinco Family Financial Center Credit Union intend to combine operations, with the combined organization to operate as Superior Credit Union, LimaOhio.com reported Aug. 2.

The merger, which is expected to close Oct. 31, has received approval from state and federal regulators, according to the news story.

Superior CU had $685.4 million in assets as of March 31; Cinco Family Financial Center CU had $115.0 million in assets as of June 30, SNL data shows.