Credit unions completed 243 mergers in 2013, which is slightly down from the 258 completed consolidations in 2012, but still within the trend line of about 200 to 250 mergers per year since 2000.

“I don’t see anything dramatically different in 2013 than what we have seen over the longer term trend over the last five years,” said NCUA’s Chief Economist John Worth.

From 2009 to 2013, there have been 1,145 mergers, or an annual average of 229 consolidations. About 90% of those credit unions that merged into larger counterparts had assets of less than $50 million.

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Peter Strozniak

Credit Union Times

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