NCUA Approves 45 Credit Union Mergers During 2025’s Second Quarter

The NCUA approved 45 mergers during the second quarter of 2025, according to the federal agency’s Q2 Merger Activity and Insurance Report released this week. During the first quarter, 35 consolidations got the nod, and last June, the federal agency confirmed 46 mergers.

Twenty-nine consolidations were approved for expanded services. Sixteen financial cooperatives got the green light because of poor financial condition; poor management (3); inability to find obtain officials (2) and loss of sponsorship (1).

The $2.1 billion Meritrust Credit Union in Wichita, Kan., with the $1.7 billion Premier Members Credit Union in Boulder, Colo.

The $842 million Envision Credit Union in Tallahassee, Fla., into the $2.7 billion Addition Financial Credit Union in St. Mary, Fla.

The $533 million Ukrainian Self-Reliance Credit Union in Feasterville, Pa., with the $1.4 billion Self Reliance Credit Union in New York.

The $346 million Great River Federal Credit Union in St. Cloud, Minn., with the $1.8 billion Credit Union 1 in Lombard, Ill.

The $344 million Scient Federal Credit Union in Groton, Conn., with the $351 million CorePlus Credit Union in Norwich Conn.

The $197 million Emery Credit Union in Cincinnati, Ohio, with the $507 million Sharefax Credit Union also in Cincinnati.

The $160 million Crosspoint Credit Union in Hamden, Conn., with the $703 million Nutmeg State Financial Credit Union in Rocky Hill, Conn.

The $139 million Kaiperm Northwest Credit Union in Portland, Ore., with the $510 million Consolidated Credit Union also in Portland.

The $101 million Copoco Community Credit Union in Bay City, Mich., into the $1.5 billion ELGA Credit Union in Grand Blanc, Mich.

Credit unions consolidated for poor financial condition were:

The $346 million Great River Federal Credit Union in St. Cloud, Minn., into the $1.8 billion Credit Union 1 in Lombard, Ill. (Great River posted a loss of $2,032,331 at the end of last year, according to NCUA financial performance reports).

The $51.2 million High Peaks Federal Credit Union in Dillon, Mont., into the $203 million Southwest Montana Community Federal Credit Union in Anaconda, Mont. (High Peaks recorded a $1,961,968 loss in the first quarter, according to NCUA financial performance reports).

The $78 million Southwest Federal Credit Union in Albuquerque, N.M., into the $988 First Financial Credit Union also based in Albuquerque.

The $47.1 million Central Communications Credit Union in Independence, Mo., into the $122 million Missouri Central Credit Union in Lees Summit, Mo.

The $19.8 million Maumee Valley Credit Union in Toledo, Ohio, into the $86.6 million Bay Area Credit Union in Oregon, Ohio.

The $14.6 million Entertainment Industries Federal Credit Union in Elizabeth, N.J., into the $4.1 billion Affinity Federal Credit Union in Basking Ridge, N.J.

The $7.8 million Middlesex County New Jersey Employees Federal Credit Union in New Brunswick, N.J., into the $18.2 million New Brunswick Postal Credit Union in Edison, N.J.

The $6.3 million Oshkosh Postal Employees Credit Union in Oshkosh, Wis., into the $6.1 billion Community First Credit Union in Neenah, Wis.

The $4.9 million Fort Bayard Federal Credit Union in Silver City, N.M., into the $916 million First Financial Credit Union in Albuquerque.

The $320,622 Centerville Clinics Employees Credit Union in Fredericktown, Pa., into the $198 million Chrome Credit Union in Washington, Pa.

Credit unions merged because of poor management were:

The $58.4 million Alliance Credit Union of Florida in Gainesville, Fla., with the $2 billion Self-Help Credit Union in Durham, N.C. (Alliance Credit Union of Florida posted a $2,585,207 loss in 2024, according to NCUA financial performance reports).

The $101 million Copoco Community Credit Union in Bay City, Mich., with then $1.6 billion ELGA Credit Union in Grand Blanc, Mich. (Copoco Community recorded a $1,842,694 loss in 2023, a $787,979 gain in 2024 and a $40,726 gain in this year’s second quarter, according to NCUA financial performance reports).

The $1.1 million TSU Federal Credit Union in Nashville, Tenn., into the $639 million Cornerstone Financial Credit Union also based in Nashville.

Credit unions consolidated for inability to obtain officials were:

The $39.2 million Freedom 1st Federal Credit Union in McConnell Air Force Base, Kan., with the $225 million Wichita Federal Credit Union in Wichita, Kan.

The $19.4 million Cape Regional Credit Union in Cape Girardeau, Mo., with the $119 million Ozark Federal Credit Union in Poplar Bluff, Mo.

Credit union merged for lack of sponsor were:

The $225,094 Curtis Federal Credit Union in Sandy Hook, Conn., into the $40.8 million Skyline Financial Federal Credit Union in Waterbury, Conn.

READ MORE: The full NCUA’s Q2 Merger Activity and Insurance Report.

Editor’s Note: The NCUA’s merger approval does not necessarily indicate whether members of the merging credit union approved the consolidation or whether a merger was called off by management.

Peter Strozniak can be reached at pstrozniak@cutimes.com.