Merger deal Merger deal

Mergers approved by the NCUA in the first quarter of this year totaled just 29, down substantially from 43 consolidations approved by the independent federal agency during the first quarter of last year, 44 in 2017 and 55 in 2016.

While most of the merged credit unions had less than $50 million in assets, there is more evidence in the NCUA’s first quarter report and other recently announced consolidation deals that suggest mergers among credit unions with sizable assets – of $200 million and more – and billion-dollar cooperatives will continue this year and into the 2020 decade because of dynamic consumer expectations and demands.

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