X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
NCUA lobby Lobby of the NCUA.

The pace of consolidations picked up during the second quarter as the NCUA approved 41 mergers compared to 25 mergers approved in the second quarter of 2020, and 33 during the first quarter of 2021.

However, 17 or 40% of the second quarter’s 41 credit unions consolidated because of poor financial condition (8), loss of sponsor support (4), declining or loss of membership (2), lack of growth (2), and inability to obtain officials (1).

Peter Strozniak

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.