Pennsylvania credit union has been struggling, will merge into $3.2 billion New York institution.
The mergers of three small credit unions in Connecticut were finalized in October.
As credit union mergers increase, some CUSOs might be considering following that same path.
Michigan-based core processor buys Montana-based processing, draft, print mail and security services provider.
The NCUA approved 18 mergers across 14 states in September, bringing the total number of consolidations to 190 so far this year, according to the agency’s monthly Insurance Activity Report.
Agency says 190 so far this year among federally insured credit unions.
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Over the last two decades, Filene Research Institute has studied credit union mergers from a variety of angles.
Credit Union Times and Filene Research Institute have launched a new program that provides our readers with exclusive access to Filene research.