According to NCUA Region V Director Melinda Love, the most frequent reasons given by small CUs for merging are: * expanded services – 61% of CUs merging nationwide say they want expanded services; * income pressure – 13% of merged CUs attribute mergers to poor financial conditions. Smaller CUs have less reliance on fee income and are more dependant on loan and interest volume. * declining membership base – 8% cite this as their reason * inability to attract new board members and qualified staff – 6% say their unable to obtain officers. * management problems – 2% cite poor management.
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