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Credit unions plan to merge. Source: Shutterstock.

The NCUA approved 37 consolidations during 2020’s fourth quarter, which was higher than the 31 consolidations approved during 2019’s fourth quarter, according to the independent federal agency’s new quarterly Merger Activity and Insurance Report.

However, the total annual number of consolidations has continued to decline. Last year, the NCUA green lighted only 130 mergers, down from the 142 in 2019, 192 in 2019 and 200 in both 2017 and 2016.

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Peter Strozniak

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