Article: WORTH NOTING.(General News)

Self-Help CU Acquires Carolina Mountains CU

DURHAM, N.C.-Self-Help CU has agreed to acquire Carolina Mountains CU, which will give the well-known community development credit union more than $400 million in assets. The $43-million Carolina Mountains CU, based in Penrose, N.C., will continue to operate as a division of Self-Help CU. Carolina Mountains is financially healthy, having reported operating net income of $250,000 and 8% net worth after three quarters. Carolina Mountains, located in western North Carolina, was chartered in 1974 to serve employees of the Brevard Dupont plant and their family members, then converted to a community charter in 2001.

...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!