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The NCUA’s November insurance fund activity report reveals the regulator approved 23 mergers, including three prompted by poor financial condition, and three more experiencing a lack of growth or lack of sponsor support.

In Texas, the $39 million Fort Worth Telco CU reported a net loss of nearly -$72,000 as of Sept. 30, 2012, and hasn’t seen 7% net worth since Dec. 2009. It will merge into the $1.45 EECU, also of Fort Worth.

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