NCUA approves record low number of mergers in March

first_img continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA approved only eight mergers in March.That’s the lowest number of consolidations approved in the month of March over the last 10 years, according to a review of the NCUA’s Insurance Reports of Activity for the month of March since 2008.In March 2015 and March 2011, the federal agency approved 12 and 11 mergers, respectively. But since March 2008 when 33 consolidations were approved, the number of mergers given the nod by the federal agency ranged from 18 to 34.In March 2017, the largest consolidation given the green light by the NCUA was the $112 million Harbor Credit Union in Green Bay, Wis., into the $1.3 billion Fox Communities Credit Union in Appleton, Wis. Founded in 1952, Harbor served 11,512 members and operated four locations.last_img

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