A handful of credit unions across the country announce plans for mergers & consolidations.
Eight mergers are approved in March, the lowest number reported during that month in a decade.
An annual merger trend of 200 to 250 is expected to continue despite last year’s drop from 262 to 238.
Despite a slight merger decline, experts predict 2,000 credit unions will be merged out of existence in five years.
Despite a fall in mergers this year, experts predict the credit union count will drop to 4,000 by 2020.
Callahan & Associates reveals key credit union industry consolidation data as of June 30, 2015.
Mergers are at a three-year low, but some consultants say competition will force more large cooperatives to merge.
Texas Dow Employees CU and People's Trust FCU take in smaller, SEG-based counterparts.
First quarter merger numbers down from 2013 and 2012's figures.
Seventeen consolidations were approved in February, down from 20 in February 2013 and 19 in February 2012.