The fallout from the recession continues to trigger more credit union mergers.

There was a loss of 29 credit unions in September, which brought the total industry count to 7,898 according to CUNA Mutual Group’s November Credit Union Trends Report, citing data from CUNA. Through the first three quarters of 2009, the CU count declined by 190 institutions. The current rate of consolidation is well below both its long-term trend rate and 2008 results, the data showed.

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