Eight mergers are approved in March, the lowest number reported during that month in a decade.
An annual merger trend of 200 to 250 is expected to continue despite last year’s drop from 262 to 238.
Despite a slight merger decline, experts predict 2,000 credit unions will be merged out of existence in five years.
Despite a fall in mergers this year, experts predict the credit union count will drop to 4,000 by 2020.
Callahan & Associates reveals key credit union industry consolidation data as of June 30, 2015.
Mergers are at a three-year low, but some consultants say competition will force more large cooperatives to merge.
Texas Dow Employees CU and People's Trust FCU take in smaller, SEG-based counterparts.
First quarter merger numbers down from 2013 and 2012's figures.
Seventeen consolidations were approved in February, down from 20 in February 2013 and 19 in February 2012.
Credit unions in Utah, Wisconsin and Michigan said they completed mergers earlier this month.