Return To Red Slows Huge Kinecta FCU Merger
Credit Union Journal Daily Briefing | Friday, January 27, 2012
MANHATTAN BEACH, Calif. – Kinecta FCU, a one-time $4.4-billion credit union giant that returned to the black last year after two miserable years and $126 million in losses, fell back into the red in 2011 to the tune of $30.6 million, slowing plans for its combination with nearby NuVision FCU...
