Credit unions have announced plans to merge or have completed mergers in Kansas, Louisiana, Ohio, Michigan and Texas.

The $229 million Mid American Credit Union in Wichita, Kan., said it is in talks about a possible merger with the $20.9 million New Century Credit Union in Topeka, according to a joint statement released Sept. 8 by both credit unions. Mid American also is negotiating a consolidation with the $5 million Veterans Administration Credit Union in Wichita.

Like many small credit unions, the 3,375-member New Century Credit Union is struggling financially. Its net worth was 6.65% compared to peer average of 12.32% at the end of June, according to NCUA financial performance reports.

Likewise, with only 1,224 members, the $5 million Veterans Administration Credit Union posted a net worth of 6.70% compared to peer average of 14.54% at the end of June, NCUA financial reports show.

The $4.7 million Louisiana Farm Bureau Credit Union in Baton Rouge, merged with the $232 million Pelican State Credit Union also of Baton Rouge, Sept. 1, both credit unions announced in a prepared statement. Though Louisiana Farm Bureau, which served 553 members, had a net worth of 15.28%, above peer average of 14.54% in June 2014, its return on average assets was -1.01 below peer average of -0.02 by the end of June, according to NCUA financial performance reports.

The $25.9 million Cardinal Federal Credit Union in Newark, Ohio, announced Sept. 8 it will merge with the $122 million Fiberglass Federal Credit Union also in Newark.

The 3,283-member Cardinal FCU had a net worth of 10.72%, below peer average of 12.32% and a return on average assets of -0.24% below peer average of 0.22% at the end of June, according to NCUA financial performance reports.

The $18.2 million D.T. &I Employees Credit Union in Flat Rock, Mich., plans to merge with the $93 million NuPath Community Credit Union in Wyandotte, according to a Sept. 8 prepared statement.

D.T. & I Employees CU posted a net worth of 15.13%, above peer average of 12.32%; however, its return on average assets was 0.03%, below the peer average of 0.22% in June, NCUA financial reports show.

Members of the $2.7 million San Antonio System Federal Credit Union in San Antonio, Texas, voted Sept. 9 to merge with the $514 million Generations Federal Credit Union also based in San Antonio, according to a letter from Steve Schipull, president/CEO of Generations to San Antonio System members. Santa Antonio System FCU posted a net worth of 11.13% below peer average of 14.54% and a return on average assets of 1.44%, above peer average of -0.02% at the end of June.

In other merger news, the NCUA approved 25 mergers in July, which is slightly up from the 23 consolidations that were approved in July 2013, according to the federal agency's monthly Insurance Report of Activity

So far this year, the NCUA has approved 148 mergers. That tally is down slightly from the 155 consolidations the federal regulator approved by the end of July 2013.

July's largest mergers were the $358 million Endura Financial Federal Credit Union in Minneapolis into the $606 million Connexus Credit Union in Wausau, Wis., and the $303 million State Employees Credit Union in Jacksonville, Fla., into the $412 million First Florida Credit Union also based in Jacksonville. Both consolidations were approved for expanded services.

The smallest consolidation approved for expanded services was the $56,169 Piney Grove Community Credit Union in Swainsboro, Ga., into the $1.9 billion Robins Federal Credit Union in Warner Robins, according to NCUA's Insurance Report of Activity.

The federal agency gave the green light to 17 mergers for expanded services and four consolidations because of their poor financial condition.

The $21.5 million Greater West Haven Federal Credit Union in West Haven, Conn., posted a net worth of 1.04% below peer average of 12.32% in June and a return on average assets of -8.79% compared to peer average of 0.22% by the end of June, NCUA financial performance reports show. Greater West Haven was approved to merge with $901 million US Alliance Federal Credit Union in Rye, N.Y.

The $25.9 million Wacopse Federal Credit Union in Warren, Pa., posted a net worth of 6.76% compared to a peer average of 12.32% and a 0.18% return on average assets compared to a peer average of 0.22% in June, according to NCUA financial performance reports. Wacopse was approved to consolidate with the $66.2 million Mountain Laurel Federal Credit Union in St. Mary's, Pa.

Though the $780,414 Moorhead Teachers Credit Union in Moorhead, Minn. Had a net worth of 12.40%, below peer average of 18.56%, its return on average assets was -2.87% compared to peer average of -0.48% in June, according to NCUA financial performance reports. Moorhead Teachers CU was approved to merge with the $848 million Central Minnesota Credit Union in Melrose.

The Chicago-based $61,666 Greater Institutional A.M.E. Church Credit Union posted a net worth of 12.30% compared to peer average of 18.56%, the 99-member cooperative's return on average asset was 0.02% compared to peer average of 0.48% by the end of June.  A.M.E. Church was approved to merge with the $31.9 million Sherwin Williams Employee Credit Union in South Holland, Ill.

Two credit unions, the $475,146 Nail Workers Credit Union in Spring Valley, Ill., and the $9.5 million Central Washington Federal Credit Union in Yakima, Wash., received approval to merge because of lack of growth. Nail Workers was approved to consolidate with the $652,098 Carus Employees Credit Union in Spring Valley, Ill., and Central Washington was approved to merge with the $1.3 billion Gesa Credit Union in Richland, Wash.

The $5.2 million American Meter Employees Federal Credit Union in Erie, Pa., which lost its sponsor, was given approval to merge with the $13 million Tri State Rail Federal Credit Union also based in Erie, and the $733,900 IBW Employees Federal Credit Union in East Stroudsburg, Pa., which was unable to find a new manager, was approved to consolidate with the $103 million NE PA Community Federal Credit Union in Stroudsburg, Pa.