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NCUA approved 16 credit union mergers in June

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NCUA approved 16 credit union mergers in June

The National Credit Union Administration approved 16 credit unionmergers in June, according to the agency's latest Insurance Report of Activity.

The NCUA listed "expanded services" as the reason behind12 of the mergers. Three mergers were attributed to "poor financial condition,"and one merger was due to "inability to obtain officials."

The merging credit unions had a total of approximately $225.3million in assets, according to the report.

Click herefor a spreadsheet listing all NCUA-approved credit union mergers since Jan. 1, 2011.

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