2016 was a slow year for credit union mergers.

The NCUA approved 200 consolidations last year. That's down from the 238 approved mergers in 2015, and much lower from the 262 mergers in 2014 and the 258 mergers approved by the federal agency in 2013.

At the end of 2016's fourth quarter, the NCUA approved 47 consolidations, according to the federal agency's Insurance Report of Activity monthly reports for October, November and December. That's lower than the 53 mergers approved during the third quarter. At the end of the second quarter of last year, 46 mergers received the green light and 54 consolidations received approval during the first quarter of 2016.

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