The number of mergers continues on a gradual downward trend as the NCUA approved 44 mergers across 26 states in the first quarter of 2017, down from the 54 mergers approved at the end of last year's first quarter.
In January, the federal agency approved 21 consolidations, 15 in February and only eight mergers in March, the lowest number of consolidations approved in the month of March over the last 10 years, according to a review of the NCUA's Insurance Reports of Activity for the month of March since 2008.
Over the last few years, the number of mergers has been declining. In 2016, the NCUA approved 200 consolidations, down from 238 in 2015, 262 in 2014 and 258 in 2013.
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