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Slow, but steady growth.Credit union membership growth was unchanged—at the median—from a year ago, but membership at small institutions dropped, the NCUA reported Tuesday.
Looking at the fourth quarter of the year, the agency reported that half of the federally insured credit unions had fewer members at the end of the year than a year earlier. But about 75% of the credit unions with declining membership had assets of less than $50 million.
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Developing a merger posture in order to evaluate opportunities confidently and in line with your long-term vision.
Y-12 Federal Credit Union is expected to close the planned purchase of First State Bank of the Southeast by Q2 of 2025.
Astera CU will consolidate with Adventure CU on Jan. 1, and recently merged Hawaii credit unions expect system conversions to be completed next year.
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