The NCUA's December Insurance Report of Activity listed only eight credit unions that received the federal agency's approval to merge.

December's report released late last month brings the total number of approved consolidations last year to 200, the same number that the NCUA approved in 2016. That's down from the 238 approved mergers in 2015, 262 in 2014, 258 in 2013 and 261 in 2012.

All but one of the credit unions that received the OK to merge managed assets of less than $50 million, according to the December NCUA report.

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Regulatory & Compliance