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CU Mergers: Thresholds for Government Review Increased

Jan
25

On January 10, 2013, the Federal Trade Commission (FTC) announced the annual revisions to the Hart-Scott-Rodino Act (HSR) filing thresholds for credit unions.  The updated thresholds are $70.9 million and become effective on February 11, 2013.  HSR requires some merging credit unions to submit prior notification of a merger to the FTC if the merging credit union’s assets on its latest call report are equal to or greater than the $70.9 million threshold.

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Posted By Sharon Bahr read more
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