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NCUA approved 12 credit union mergers in April

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NCUA approved 12 credit union mergers in April

The National Credit Union Administration approved 12 credit union mergers in April, according to the agency's latest Insurance Report of Activity.

Eleven of the mergers were attributed to "expanded services." Just one — Tyron, Neb.-based McPherson Community FCU's merger into Omaha, Neb.-based Centris FCU — was due to poor financial condition.

The merging credit unions reported a combined $239.9 million in assets as of March 31.

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

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