The NCUA said it approved 17 mergers in 13 states in August, bringing the total number of approved mergers to 172 so far this year.
The August merger number is lower than August 2012 when the NCUA approved 24 mergers, according to the agency's monthly Insurance Activity Report. This year's August merger number is also lower than the 23 mergers in July and the 19 mergers June that were approved by the NCUA, the agency said.
Fourteen credit unions with less than $50 million in assets and one with $60 million in assets were merged out of existence, the report showed. California, Virginia, North Carolina and Utah each had two mergers.
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