Approved mergers rise by 30 from Q1 to Q2; California sees the highest number of mergers.
In September, credit unions announced plans to merge or completed mergers in Kansas, Louisiana, Ohio, Michigan and Texas.
Mergers active in Kansas, Louisiana, Ohio, Michigan and Texas.
The $348M Endura Financial FCU of Minneapolis will merge into the $628M Connexus CU in Wausau, Wis.
Cincinnati credit union to merge into Connexus in Wausau, Wis., on Jan. 1.
The $500 million Connexus Credit Union in Wausau, Wis., purchased Financial Institution Lending Options LLC, a company also based in the Badger State that provides credit unions with auto loans through pool sales, participation pools and whole loan flow sales.
Wisconsin credit union buys FILO with plans to expand company's market for pool, participation sales of auto loans.
Fourteen credit unions with less than $50 million in assets were merged out of existence.
Donations of time, money and effort.
The $360 million Connexus Credit Union is carving out a special merger path in its central Wisconsin hometown by consolidating two of its smaller competitors.