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Tinker FCU Absorbs Tulsa-Based My Choice FCU in Merger
Tuesday, January 2, 2018 6:55 AM

Tinker Federal Credit Union, a $3.7 billion institution based in Oklahoma City, Okla., has completed its acquisition of tiny Tulsa-based My Choice Federal Credit Union.

Members of My Choice FCU voted on Nov. 17, 2017, to support the merger with Tinker FCU.

“We are excited to have [the former My Choice FCU] members on board and look forward to being a part of their financial future,” Tinker FCU President/CEO Mike Kloiber said in a statement.

Prior to the merger, My Choice FCU had $1.5 million in assets and more than 600 members, but the credit union suffered a net loss of about $8,200 in 2016, after losing about $15,300 in the prior year.

Tinker FCU posted net income of about $27.3 million in 2016, slightly up from $25.7 million in the prior year.