The federal regulator approved just 17 mergers in November 2013, lower than previous months and the 23 approved in November 2012.
Fourteen credit unions with less than $50 million in assets were merged out of existence.
Members of Community Healthcare Employees Credit Union approve merger with Patriot Federal Credit Union.
Fort Worth Telco Credit Union to merge with EECU by the end of May,
Any major operational change at a credit union, such as a move, merger or core system conversion, can cause an influx of member service requests and potentially a call center nightmare.
Oregon’s St. Helens Community Federal Credit Union is now facing a recall of five of its directors to be heard after the Labor Day weekend.
In a change of heart, Maryland’s $388 million Educational Systems Federal Credit Union is putting to rest the idea of a merger conversion fee to help defray expenses in its takeover of the once-ailing $401 million Montgomery County Teachers FCU of Derwood, Md.
Educational Systems CEO said fee in a merger deal may be breaking new ground but that it’s only fair to his existing members.
Educational Systems FCU and Montgomery County Teachers FCU combine assets.
Two New Hampshire credit unions, the $720 million Northeast Credit Union of Portsmouth and the $112 million Woodlands CU of Berlin, announced last week they intend to merge by year end.