The state Department of Banking has approved another credit union merger.
The agency has given its blessing to McKesson Federal Credit Union’s merger into Sikorsky Financial Credit Union.
The deal will be completed on Sept. 30, the banking department said.
Stratford-based McKesson is a federally chartered credit union with $30.2 million in assets, three branches and about 2,500 members.
ADVERTISEMENT
Sikorsky Financial Credit Union has more than 62,000 members, $1.2 billions in assets and 10 branches.
This is the latest merger to impact the credit union industry, which has been in a prolonged consolidation wave.
