The NCUA approved 32 mergers in April, up from the 22 mergers cleared by the federal agency in April 2013.
Only four of the 32 credit unions had assets greater than $50 million, NCUA's April Insurance Activity Report showed.
Five received the green light to merge because of poor financial condition, three for lack of growth, one for declining field of membership, one for loss of sponsor and one for inability to obtain officials. Twenty-one credit unions received the OK to consolidate for expanded services.
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