CEO retirement leads to decision to merge.
Cincinnati credit union to merge into Connexus in Wausau, Wis., on Jan. 1.
The Madison, Wis.-based CUNA Strategic Services recently announced a financial investment in CU Solutions Group, which was formed in 2010 by combining several entities including CU Village, HRN, and Koker Goodwin into one company.
Tennessee food maker workers credit union merges into California-based Western.
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.
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.
Sixteen state leagues merge in past six years.