« California Earthquake Insurance Rates Decrease | Main | Survey Indicates Consumers Less Responsible For Health-Care »

Jun21
Nationwide Looks To Roll Credit Union Into Banking Unit
Andrew Smyth June 21, 2006
Know More: Consumers, Insurance News, Nationwide, Nationwide Bank, Nationwide Federal Credit Union, merger 2.0, merger
A large insurer Nationwide Financial Services Inc. is looking to merge its current Nationwide Federal Credit Union affiliate into a transformed banking unit, Nationwide Bank according to a press release on nationwide.com. 

This merger will pay “$79 million for the Credit Union members’ ownership interest in the credit union.  Members will receive these funds on a “pro-rata basis according to the deposit account balances as of March 31, 2006.   

The current services and product line-up offered by the Credit Union will not change once this merger closes.  The offices of the new Nationwide Bank will stay housed within Nationwide doors as the current Credit Union is now.    

0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« California Earthquake Insurance Rates Decrease | Main | Survey Indicates Consumers Less Responsible For Health-Care »

Advertise

2008

Related Resources

Advertise Here

recent comments

sponsored ads



topics