The largest mergers for expanded services were:

The $559 million LA Financial Federal Credit Union in Arcadia, Calif. with the $2.8 billion Credit Union of Southern California in Anaheim, Calif.;
The $211 million Tucson Old Pueblo Credit Union in Tucson, Ariz., with the $12.1 billion Idaho Central Credit Union in Chubbuck;
The $197 million TransWest Credit Union in Salt Lake City, Utah with the $3.1 billion Utah Community Credit Union in Provo, Utah; and
The $167 million NE PA Community Federal Credit Union in Stroudsburg, Pa., into the $1.2 billion Utilities Employees Credit Union in Wyomissing, Pa.

Credit unions consolidated for poor financial condition were:

The $192 million Electro Savings Credit Union in St. Louis, Mo., with the $5 billion CommunityAmerica Credit Union in Lenexa, Kan. Electro Savings posted net losses of $1,959,570 last year, $4,109,596 in 2023 and 1,601,691 in 2022, according to NCUA financial performance reports.
The $138 million Vocality Community Credit Union in Garberville, Calif., into the $805 million Community First Credit Union in Santa Rosa, Calif. Vocality Community recorded net losses of $585,535 in 2024, $3,167,685 in 2023 and $1,388,032 in 2022, NCUA financial performance reports showed.
The $21.1 million Luzerne County Federal Credit Union in Wilkes Barre, Pa., with the $114 million Citymark Federal Credit Union in Plains, Pa.
The $10.1 million Howard University Federal Credit Union in Washington, D.C. into the $1.2 billion Educational Systems Federal Credit Union in Greenbelt, Md.
The $1.2 million M&C Menlo Park Federal Credit Union in Iselin, N.J. with the $4.1 billion Affinity Federal Credit Union in Basking Ridge, N.J.
The $230,988 St. Paul A.M.E. Zion Church Credit Union in Cleveland, Ohio into the $9.1 million Greater Cleveland Community Credit Union.

Credit unions that were merged because of the inability to find new leaders were:

The $86.7 million Empower Credit Union in West Allis, Wis., into the $3.3 billion Educators Credit Union in Mount Pleasant, Wis.
The $39.1 million Thunderbolt Area Federal Credit Union in Millville, N.J., with the $84.3 million Members 1st of New Jersey Credit Union in Vineland.
The $11.2 million Team and Wheel Federal Credit Union in Winston-Salem, N.C., into the $100 million American Partners Federal Credit Union in Reidsville, N.C.
The $10 million Watsonville Hospital Federal Credit Union in Watsonville, Calif., with the $24.8 million Corrections Federal Credit Union in Soledad, Calif.
The $249,231 Eaton Employees Federal Credit Union in Denver, Colo., into the $50.7 million Electrical Federal Credit Union in Arvada, Colo.

Poor management led to the consolidation of the $5 million IRS Buffalo Federal Credit Union in Buffalo, N.Y., with the $136 million Great Erie Federal Credit Union in Orchard Park, N.Y.

Instant Insights /

162 Total CU Consolidations Occurred in 2024, With NCUA Approving 41 in Q4

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