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Article: WORTH NOTING.(General News)
- Article from:
- Credit Union Journal
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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.
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