The pace of approved credit union mergers picked up significantly during the second quarter of 2015, and California led the nation with the largest number of consolidations.
The industry also saw a noticeable increase in merged credit unions with assets of more than $100 million during the second quarter, according to the NCUA's Insurance Report of Activity for April, May and June 2015.
The NCUA approved 71 mergers at the end of the second quarter, up from the 41 consolidations that were approved by the federal agency at the end of the first quarter. That brought the total number of consolidations for the first half of the year to 112.
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