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.
The $8.7 million SIACU will merge at the end of the year with the $186 million, 23,639-member Arsenal Credit Union in Arnold, Mo.
Newly deployed management software will help the $167 million Arsenal Credit Union in Arnold, Mo., lower the call abandon rate and improve member service in its contact center, the credit union said.
The $167 million Arsenal Credit Union in suburban St. Louis aims to lower abandon rates and improve member service.
Credit unions in Michigan and Missouri ground up a more than three tons of personal documents for members and others last week.