Assets of credit unions that merged from March 2012 to March 2013 totaled $4.8 billion, up 2.1% from a year prior but 40.7% lower than 4 years ago. The merged credit unions for year 2008-2009 were $8.1 billion in total assets, the second-highest over the 5 year-span due to a larger number of mergers that took place during the struggling economic period. There were 280 mergers between March 2008 and 2009, 10.7% higher than the number of mergers between March 2012 and 2013.
Despite the lowest number of mergers, year 2010-2011 posted the highest amount of total assets of merged credit unions. This is attributed to many big-size mergers that have taken place during the period, such as First Technology whose final assets prior to merger were over $2.3 billion.
MERGERS OVER THE PAST 5 YEARS:
TOTAL ASSETS OF MERGED CREDIT UNIONS
Data As of March 31, 2013
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Generated by Callahan & Associates' Peer-to-Peer Analytics, NCUA