The NCUA approved 36 mergers during the fourth quarter of 2025, bringing the total number of last year's consolidations to 157, down from the 162 approved mergers in 2024 but higher than the 145 that got the green light to combine in 2023.
According to the federal agency's 2025 Q4 Merger Activity and Insurance Report, five credit unions were merged for poor financial condition, four for the inability to obtain officials, one for poor management, one for loss/declining field of membership and 25 for expanded services.
The quarter's largest NCUA approved consolidation was the $371 million Fort Financial Federal Credit Union in Fort Wayne, Ind., into the $655 million INOVA Federal Credit Union in Elkhart, Ind. In January, however, Fort Financial members rejected the proposed merger.
Other notable mergers included the $181 million Community Credit Union of Lynn in Massachusetts with the $3.4 billion Rockland Federal Credit Union, also based in the Bay State; the $144 million Nebo Credit Union into the $1.9 billion Cyprus Federal Credit Union in West Jordan, Utah; and the $142 million MetroWest Community Credit Union in Framingham, Mass., with the $1 billion St. Mary's Credit Union in Marlborough, Mass.
Credit unions that combined because of their poor financial condition were:
The $23.1 million United Arkansas Federal Credit Union in Little Rock into the $2.9 billion Arkansas Credit Union, also based in Little Rock. United Arkansas posted a loss of $1,509,675 and a net worth of 3.56% at the end of 2025's third quarter. In 2024, the credit union recorded a loss of $522,205 and a net worth of 9.33%, according to NCUA financial performance reports. The credit union had been losing money since 2019.
The $33.3 million Cencap Federal Credit Union in Hartford, Conn., with the $2.3 billion Self-Help Federal Credit Union in Durham, N.C. At the end of September 2025, Cencap posted a loss of $701,029 and a net worth of 3.75%, and in 2024, the credit union showed a loss of $529,651 and a net worth of 6.09%, according to NCUA financial performance reports.
The $1.7 million Teamsters Local 92 Federal Credit Union in Canton, Ohio into the $1.9 billion 717 Credit Union in Warren, Ohio. Teamsters Local 92 showed a loss of $519,538 at the end of last year and net worth of -17.42%, according to NCUA financial performance reports.
The $610,782 Community Promise Federal Credit Union in Kalamazoo, Mich., with the $260 million North Central Area Credit Union in Houghton Lake, Mich.
The $310,485 Norwalk Postal Employees Federal Credit Union in Waterbury, Conn., into the $45.8 million Skyline Financial Federal Credit Union, also based in Waterbury.
Credit unions consolidated for their inability to obtain officials were:
The $139 million Metrowest Community Credit Union in Framingham, Mass., with the $1 billion St. Mary's Credit Union in Marlborough, Mass.
The $38.8 million MWRD Employees Credit Union in Chicago into the $2.3 billion Credit Union 1 in Lombard, Ill.
The $2 million Greater Latrobe Schools Federal Credit Union in Latrobe, Pa., with the $22 million Western PA Federal Credit Union in New Kensington, Pa.
The $2.2 million Niagara Frontier Federal Municipal Credit Union in Niagara Falls, N.Y., into the $12.1 million Niagara Falls Teachers Credit Union.
Because of poor management, the NCUA approved the consolidation of the $107 million Geauga Credit Union in Burton, Ohio into the $1.1 billion 717 Credit Union in Warren, Ohio, and because of loss or declining field of membership, the $297,112 St. Jude Credit Union in Chicago was approved to merge with the $393,027 St. Gregory Parish Credit Union, also based in Chicago.
Editor's Note: The NCUA's merger approval does not necessarily indicate whether members of the merging credit union approved the consolidation or whether a merger was called off by management.
Peter Strozniak can be reached at peter.strozniak@arc-network.com.
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