The NCUA approved 18 completed credit union mergers in June, compared to 15 completed mergers approved in June 2012, the agency said last week.

In the first half of this year, there have been 132 mergers, surpassing the 114 mergers during the first half of 2012.

Eleven credit unions consolidated to expand services for their members, according to the June Insurance Report of Activity from the NCUA.

However, three credit unions merged due to poor financial condition. They are:

the $4 million Saks Fifth Avenue Enterprises FCU in New York that merged with the $24 million L'Oreal USA FCU in Mountainside, N.J.;

the $23 million NWS FCU in Yorktown, Va., which consolidated with the $580 million 1st Advantage FCU in Newport News, Va., and,

the $498,733 Runnells Hospital Employees FCU in Berkeley Heights, N.J., that merged into the $2 billion Affinity FCU in Basking Ridge, N.J.

According to the NCUA report, poor management drove the $5 million Lithuanian CU in Los Angeles, Calif., to merge with the $87 million Clearpath FCU in Glendale, Calif.

Losing its sponsor or its support forced the $812,791 Sherwil Credit Union in Hubbard, Ohio, to merge with the $24 million First Choice Community Credit Union in Niles, Ohio, the NCUA report showed.

Loss of or declining field of membership led the $860,037 Public Service CU in Kewaunee, Wis., to merge with the $1.8 billion Community First Credit Union in Appleton, Wis.

The $10 million CNG Federal Credit Union in East Harford, Conn., was unable to find an appropriate CEO and decided to merge with the $33 million Hartford Municipal Employees Federal Credit Union.