Succumbing to regulatory pressure, two West Coast credit unions last Friday abandoned what would have been the industry's biggest merger.

The high hurdles set by the National Credit Union Administration - including a public hearing and a federal push for an ethics probe at Patelco Credit Union - persuaded the boards of Patelco and First Technology Federal Credit Union to withdraw their six-month-old application.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.