Consolidation will increase Marine Credit Union’s market presence in Iowa.
CU mergers slowed down in 2016, along with NCUA-approved consolidations.
TrustUS FCU and Texas Trust CU plan to consolidate in September.
Credit unions are leveraging consolidation strategies for future growth.
The NCUA approves 32% more mergers in the first quarter of 2016 than it did one year prior.
Some say the report serves as a warning for regulator consolidation, while others believe no changes are on the horizon.
Consultant Kirk Kordeleski outlines credit unions' three consolidation options.
Despite a net loss of 288 credit unions, the industry gains nearly 250,000 new memberships in 2015.
Expect the annual average of 200-250 consolidations to continue in the future.
United FCU CEO Gary Easterling steps down to focus on merger with Lake Michigan CU.