Only two credit unions failed or closed in the first quarter of 2015, compared to eight in the first three months of 2014 and eight in the last three months of 2014, according to data from SNL Financial.
|The Charlottesville, Va., financial services consultancy and data firm reported the drop reinforces a trend that has seen both voluntary liquidations and closures drop since 2011. SNL's data showed 32 credit unions closed or failed in 2011, 22 in 2012, 19 in 2013 and 22 in 2014.
|However, the firm noted that mergers have continued.
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