Source: Shutterstock.
The NCUA approved 34 mergers in the third quarter, which was substantially down from the 50 consolidations approved at the end of last year's third quarter.
Starting off early in the fourth quarter, four credit unions in South Carolina, Ohio and New York have recently announced the approval or completion of consolidation agreements. According to the NCUA as of Wednesday, at least 24 credit unions were scheduled to hold membership meetings in November and December to consider proposed mergers, including one of the largest deals of the year. On Dec. 28, members of the $1.5 billion Firefly Federal Credit Union will vote on whether to merge with the $1.7 billion TruStone Financial Federal Credit Union, which will create Minnesota's second largest financial cooperative
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
