ALEXANDRIA, Va.-Though not a record-breaking year, credit union mergers continued to be a popular option with credit unions. Through the end of November 2005, 253 credit unions merged into 236 continuing credit unions, representing $2.6 billion and $64.2 billion respectively. More than 200 of the merged credit unions totaling about $552 million were under $10 million in assets. The most popular reason given for merging was expanded services at 42%. Poor financial condition was only the reason in about 10% of the mergers.
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