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May Mergers Eliminate 21 Credit Unions

Sunday, June 23, 2013 - 9:37 AM
From Credit Union Times:
Twenty-one credit unions merged out of existence during the month of May, according to the NCUA’s monthly Insurance Activity Report, posted Thursday on the regulator’s website.

None of the merged credit unions had more than $35 million in assets.

Ten merged to expand services to member, seven merged due to poor financial condition, two cited a lack of growth, and two more merged with a state chartered credit union, the report said.

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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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