As total merger activity slowed slightly in 2018, with 192 approved consolidations vs. 200 approved by the NCUA the previous year, there seems to be a transition happening within the industry. Larger credit unions with $1 billion or more in assets are less likely to be acquiring smaller institutions with $100 million to $200 million in assets, while similarly sized institutions are more likely to consider merging. Mergers of equals do not comprise the majority of transactions, but the expectation is that we'll continue to see instances where total assets of the combined institution exceeds $1 billion.
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