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NCUA approved 25 credit union mergers in November

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NCUA approved 25 credit union mergers in November

The National Credit Union Administration approved 25 credit union mergers in November. The merging credit unions totaled approximately $621.9 million in assets, according to the agency's latest Insurance Report of Activity.

Seventeen of these mergers were attributed to "expanded services," four were due to "poor financial condition," and one each were due to "inability to obtain officials," "lack of sponsor support," "loss/declining field of membership" and "poor management."

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

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