A trio of small Wisconsin credit unions are apparently in merger mode this month with two of them under the gun of the NCUA and all linked to last February's collapse of Central States Mortgage Co., the Wauwatosa, Wis. CUSO now in liquidation.

All three, the $31 million Lifetime CU and the $53 million Allco, both of West Allis, and the $32 million First Security CU of Elm Grove, were reportedly forced by regulators last year to write down their CSMC investments and losses on the tainted mortgage pools of the CUSO, now in the hands of a Milwaukee bankruptcy court.

For its part, Lifetime, which lost $2 million in the first quarter following the writeoffs is being merged June 30 into the $1.3 billion Landmark CU of New Berlin, Wis.

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