The NCUA corporate assessment coupled with depressed capital and net worth ratios is producing a definite “lowered appetite” for credit union mergers in 2010, according to a New York CPA firm which issued a study this week on the banking industry’s interest in failing banks.

“We do see a lack of willingness and caution by large credit unions to entertain mergers in this very challenging, unprecedented climate,” said James Norfleet, senior manager of Grant Thornton LLP.

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