ALEXANDRIA, Va.-NCUA said it approved another 20 credit union mergers last month, making a total of 64 combinations approved in the first quarter, down slightly from the 73 approved in last year's first quarter.
Another 14 small credit unions under $5 million in assets will be eliminated from the mergers approved in March, bringing to 43 the number of small credit unions disappearing so far this year.
The biggest combinations approved last month were: DPS FCU, Denver ($575 million) with Safeway Rocky Mountain 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. ($145 million) with TARA CU, Jonesboro, Ga. ($65 million).
