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49 Credit Union Mergers Approved in Q2 2017
Thursday, August 10, 2017 6:45 AM

The National Credit Union Administration approved 49 credit union mergers during the second quarter of 2017, up from 44 in the first quarter and 46 in the year-ago quarter.

NCUA has approved 93 credit union mergers in total so far this year. The 49 "merging" credit unions approved in the second quarter held a combined $1.54 billion in assets according to the NCUA, compared to $1.45 billion for the mergers approved in the first quarter and $787.5 million for the mergers approved in the second quarter of 2016.

By region, 15 of the merging credit unions approved in the second quarter were headquartered in the Midwest, while the mid-Atlantic, Southeast, West, Northeast and Southwest were home to 10, nine, seven, five, and three merging credit unions, respectively.

Source: SNL Financial