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WASHINGTON — Credit union mergers seem to be slowing from the last few years’ pace of around 300, and though NCUA approves them for deposit insurance purposes, most are heading toward a state charter, along with their assets.

According to Merger Solutions Group, there were only 54 mergers completed in the first quarter of 2007 versus 77 in 2006 and 70 in 2005. Asset volume was also down to $330 million in the first quarter from $770 million in first quarter 2006 and $920 million in first quarter 2005.

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