Largest consolidations occur in Washington, California and North Dakota; two credit unions merge because of poor financial condition.
North Carolina CU turns news into a marketing strategy to convert bank customers.
Achieva Merger Services will assist credit unions and banks with their M&A endeavors.
The NCUA board proposes changes to merger disclosures and transparency.
Eight mergers are approved in March, the lowest number reported during that month in a decade.
Credit unions reveal nine new or completed merger plans in January 2017.
Credit union mergers increase slightly in the third quarter, and it's still lower than last year.
Recent acquisitions include PenFed’s fifth merger of the year with the $101M Energy FCU.
Goldenwest CU and Liberty Bay CU look forward to expanding their branch networks as a result of upcoming mergers.
As they look to carve out future success and beat their competitors, credit unions must remember their purpose.