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Twenty-One Credit Union Mergers in January 2015
Monday, March 2, 2015 6:40 AM

The NCUA approved 21 mergers in January, according to the agency's Insurance Report of Activity.

"Expanded services" was listed as the reason behind 13 of the mergers. Meanwhile, three mergers were due to poor financial condition, and three others were due to lack of growth. One deal was due to inability to obtain officials and another listed poor management as the reason for the merger.

The merging credit unions for July had a total of approximately $498.7 million in assets. None of the January mergers were in the Cornerstone region.

 

NCUA Monthly Activities Report, 26 February 2015