FOREST GROVE, Ore. -- The perception may be evident that creditunion mergers are on the upswing, but NCUA statistics show asignificant decline from a year ago based on several factors,according to David Bartoo, head of a merger consulting firmhere.
"For one thing NCUA was approving fewer mergers in the lastquarter of 2006 which is producing a decline now," explainedBartoo, president of the Merger Solutions Group, a firmrepresenting CU clients.
In the firm's latest report, Merger Solutions found that in thethird quarter of 2007 there were 57 CUs receiving preliminaryapproval with an average size of over $21 million per mergingCU.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
