Here are the five largest mergers in the second quarter of this year:

Xceed Financial Credit Union ($981.8 million, Calif.) merged with Kinecta Federal Credit Union ($5.4 billion, Manhattan Beach, Calif.)
Infinity Federal Credit Union ($336.3 million, Westbrook, Maine) merged with Deere Employees Credit Union ($1.4 billion, Moline, Ill.)
Premier Federal Credit Union ($251.6 million, Greensboro, N.C.) merged with Charlotte Metro Credit Union ($798.9 million, Charlotte, N.C.)
Aspire Federal Credit Union ($141.6 million, Clark, N.J.) merged with Pentagon Federal Credit Union ($27.3 billion, McLean, Va.)
Leyden Credit Union ($100.6 million, Franklin Park, Ill.) merged with Partnership Financial Credit Union ($248.4 million, Morton Grove, Ill.)

Here are the five largest from the first quarter:

Columbus Metro Federal Credit Union ($259 million, Columbus, Ohio) merged with Telhio Credit Union ($951.8 million, Columbus, Ohio)
NorthStar Credit Union ($211.8 million, Warrenville, Ill.) merged with NuMark Credit Union ($332.6 million, Joliet, Ill.)
Lower Valley Credit Union ($128.4 million, Sunnyside, Wash.) merged with Self-Help Credit Union ($1.5 billion, Durham, N.C.)
Riverset Credit Union ($117.6 million, Pittsburgh, Pa.) merged with Allegent Community Federal Credit Union ($151.7 million, Pittsburgh, Pa.)
Anderson Federal Credit Union ($107.5 million, Anderson, S.C.) merged with Spero Financial Credit Union ($543.0 million, Greenville, S.C.)

No credit unions acquired more than one other credit union over the first half of 2021, but if you extend that back one year (June 2020 to June 2021), PenFed acquired three credit unions totaling $441.7 million in assets, and 11 others merged two smaller credit unions into their cooperatives.

Instant Insights /

Credit Union Consolidation Continues

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