ALEXANDRIA, Va. - (04/13/05) -- NCUA said it approved another 20credit union mergers last month, making a total of 64 combinationsapproved in the first quarter, down slightly from the 73 okayed inlast year's first quarter. Another 14 small credit unions under $5million in assets will be eliminated from the mergers approved inMarch, bringing to 43 the number of small credit unionsdisappearing so far this year. The biggest combinations approvedlast month were: DPS FCU, Denver ($575 million) with Safeway RockyMountain FCU, Centennial, Colo. . ($150 million); Credit Union One,Ferndale, Mich. ($710 million) with Suburban Family CU, Farmington,Mich. ($17 million); and The Southern FCU, Fayetteville, Ga. ($145million) with TARA CU, Jonesboro, Ga. ($65 million).
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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