Thursday, February 7, 2013
Troubled CU Mergers in 2012
There were 73 troubled credit union mergers in 2012.
A troubled credit union merger occurs if the following three reasons are cited by NCUA when approving the merger: Poor Management, Poor Financial Condition, and Loss/Declining Field of Membership.
The median size of a troubled credit union acquired in 2012 was approximately $5.4 million. The average asset size was almost $24.4 million.
Montgomery County Teachers FCU was the largest troubled credit union to be acquired in 2012 with $393 million in assets.
A troubled credit union merger occurs if the following three reasons are cited by NCUA when approving the merger: Poor Management, Poor Financial Condition, and Loss/Declining Field of Membership.
The median size of a troubled credit union acquired in 2012 was approximately $5.4 million. The average asset size was almost $24.4 million.
Montgomery County Teachers FCU was the largest troubled credit union to be acquired in 2012 with $393 million in assets.
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