The six credit unions approved to merge because of their poor financial condition were:

The $72.2 million Relyon Credit Union in Kaufman, Texas, with the $1.1 billion Neighborhood Credit Union in Dallas. Relyon posted a loss of $1,951,674 at the end of last year, and a loss of $298,700 during the first quarter of this year, according to NCUA financial performance reports.
The $66.9 million Creighton Federal Credit Union in Omaha, Neb., with the $1.3 billion Cobalt Federal Credit Union in Papillion, Neb. At the end of the second quarter, Creighton recorded a loss of $13,558,928, NCUA financial performance reports showed.
The $13.7 million Teamsters Credit Union in Detroit, Mich., into the $1.4 billion Michigan First Credit Union in Lathrup Village, Mich.
The $2.1 million Wakarusa Valley Credit Union in Lawrence, Kan., with the $605 million Envista Federal Credit Union in Topeka, Kan.
The $1.6 million Arnold Bakers Employees Federal Credit Union in Greenwich, Conn., with the $85.4 million America's First Network Credit Union in East Hartford, Conn.
The $726,354 Total Community Action Federal Credit Union in New Orleans into the $270 million New Orleans Firemen's Federal Credit Union in Metairie, La.

The two credit unions that received the OK to consolidate because of poor management were:

The $27.7 million Heartland Area Federal Credit Union in Omaha, Neb., with the $88.7 million Omaha Federal Credit Union.
The $7.9 million La Crosse-Burlington Credit Union in La Crosse, Wis., into the $543 million CO-OP Credit Union in Black River, Wis.

The credit union that got the green light to merge because of its inability to obtain officials:

The $783,565 Proctor & Gamble St. Louis Employees Credit Union in St. Louis with the $377 million Alliance Credit Union in Fenton, Mo.

The third quarter's largest credit union mergers were:

The $1.9 billion Advantis Credit Union in Oregon City, Ore., into the $1.6 billion Rivermark Community Credit Union in Beaverton, Ore.
The $519 million NextMark Federal Credit Union in Fairfax, Va., with the $4.5 billion Apple Credit Union also based in Fairfax.
The $464 million Kane County Teachers Credit Union in Elgin, Ill., with the $3.5 billion Consumers Credit Union in Lake Forest, Ill.
The $191 million Astera Credit Union in Lansing, Mich. into the $436 million Adventure Credit Union in Grand Rapids, Mich.
The $193 million Bloom Credit Union in Wyoming, Mich., with the $251 million West Michigan Credit Union in Grand Rapids, MIch.

Instant Insights /

NCUA Approves 49 Mergers During the Third Quarter