Friday, February 11, 2011

Sixty-nine CU Mergers Approved by NCUA in 2010 Were for CUs Under Financial Stress

In 2010, NCUA approved 69 mergers where the reasons cited for the merger were poor financial condition, poor management, or loss/declining membership.

Below is the name of the acquired credit union, acquiring credit union, and reason for the merger (click on image to enlarge). This information is pulled from NCUA's Monthly Insurance Report of Activity.

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