Credit unions in New York, New Hampshire and Pennsylvania recently completed mergers with small, financially struggling cooperatives.

The $46.3 million Central Hudson Employees Federal Credit Union in Poughkeepsie, N.Y. merged into the $919 million Mid-Hudson Valley Federal Credit Union in Kingston, N.Y.

Although Central Hudson posted a net worth of 21%, its ROAA was 0.39%, according to NCUA financial performance reports. Serving 1,759 members, the credit union also experienced a decline in loans from $11.5 million in 2011 to $9.7 million at the end of 2015, while loan income fell from $607,422 to $473,675 in the same years. Central Hudson's net income also dropped from $340,718 in 2011 to $214,986 in 2015, according to NCUA financial performance reports.

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