Tuesday, February 18, 2014

Troubled Credit Union Mergers, 2013

NCUA approved the merger of 53 financially troubled credit union during 2013. This is down from 73 in 2012.

A merger is defined as a troubled credit union merger 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 asset size of a merged troubled credit union was $5.6 million. The average asset size of an acquired troubled credit union in 2013 was $12.4 million.

Below is a table of all troubled credit union mergers approved by NCUA in 2013 (click on the image to enlarge).

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