FOREST GROVE, Ore. — Despite perceptions that credit union mergers are on a major upswing, NCUA statistics show a significant decline from a year ago based on several factors, according to David Bartoo, head of a merger consulting firm here.
"For one thing NCUA was approving fewer mergers in the last quarter of 2006 which is producing a decline now," explained Bartoo, president of the Merger Solutions Group, a firm representing CU clients.
In the firm's latest report, Merger Solutions found that in the third quarter of 2007 there were 57 CUs receiving preliminary approval in the third quarter with an average size of over $21 million per merging CU.
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