While the NCUA approved 10 of the cooperative mergers for expanded services, the federal agency also approved seven credit union consolidations because of their poor financial performance, lack of growth, poor management, loss or declining membership, and inability to obtain officials.

Because of poor financial management, NCUA allowed the $1.9 million SJH Employees Federal Credit Union in Springfield, Ill., to merge with the $185 million Land of Lincoln Credit Union in Decatur, Ill.

SJH Employees FCU net worth has declined from 23% from 2008 to 9.74% in 2012, well below its peer average of 18%. What's more, the credit union posted a total net income loss of $270,794 from 2009 to 2012, according to NCUA financial performance reports.

The NCUA cited poor management as its reason to allow the $16.5 million Menasha Employees Credit Union in Menasha, Wis., to consolidate with the $1.9 billion Community First Credit Union in Appleton, Wis.

The credit union's net income gains dropped from $100,566 in 2008 to $25,121 in 2012, according to NCUA financial performance reports. By Sept. 30, 2013, Menasha posted a net income loss of $149,112.

NCUA data also reveals the credit union's key earnings ratios have been declining and lagging behind peer averages for the last six years.

For example, its yield on average loans fell from 6.45% in 2008 to 4.36% in September 2013, below the peer average of 6.12%. The cooperative's growth in net worth, market share, loans, assets, investments and membership also showed substantial downward trends, according to NCUA financial performance reports.

The $5.1 million Blennerhassett Federal Credit Union in Vienna, W.V., got NCUA approval to merge with the $116 million West Virginia Central Credit Union in Parkersburg, W.V., because of lack of growth.

NCUA financial performance reports show many of the credit union's key earnings ratios were below peer averages, such as yield on average loans (5.87% vs. 7.30%), fee income, (0.07% vs. 0.64%) and net margins, (3.87% vs. 4.19%). Over the last six years, Blennerhassett FCU also showed significant declines in growth ratios for net worth, market share, loans, assets, investments and membership, according to NCUA financial performance reports.

Because of loss or declining field of membership, the NCUA gave the green light for the $20.9 million Northlands Educators Federal Credit Union in Fargo, N.D., to merge with the $459 million First Community Credit Union in Jamestown, N.D. The NCUA also approved for the same reason the $1.6 million TWE Federal Credit Union in Whitehall, Pa., to consolidate with the $428 million People First Federal Credit Union in Allentown, Pa.

Because of the inability to find a new CEO, the NCUA approved the mergers of the $42 million Kula Community Federal Credit Union in Kahului, Hawaii, with the $60 million in Maui Federal Credit Union, also in Kahului; and, the $2.6 million HD York Federal Credit Union in York, Pa., into the $62 million White Rose Credit Union, also based in York.