Pace of CU Mergers Appears to Be Slowing
NCUA approved only 53 mergers for the first quarter of 2014, which is significantly less than the 71 mergers approved during the first quarter of 2013 and the 62 mergers approved in the first quarter of 2012. However, in March eight of the mergers were due to poor financial condition, which is higher than the usual number for these types of mergers. [5/12]