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Five CUs consolidate because of poor financial conditions, four for lack of sponsor support and 24 for expanded services.

But if adopted, NAFCU wants more exemptions to allow earlier starts.

While the numbers are better than at banks, CUNA's DEI leader says, "There is more work to be done."

The Illinois credit union claims the Maine credit union breached an agreement to pay its share of consolidation expenses.

CUNA estimates record low portfolio growth in March with cars near zero and first mortgages in single digits.

The deal leads Infinity to transition to a state charter and drop the word "Federal" from its name.