The NCUA approved 23 mergers in July in 18 states, bringing the total number of approved mergers to 155 for 2013.
California consolidation to create $166 million institution.
Small credit union cites costs of offering needed services, economies of scale.
Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund. Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.