Key Takeaways
- The NCUA approved 149 credit union mergers in the four quarters to March 2026, moving $43.6 billion in assets into another credit union.
- The largest was First Technology, with $17.1 billion, approved to merge into Digital; the median merging credit union held $22 million.
- 70% of the mergers were filed to offer members expanded services; 24 cited poor financial condition and 12 an inability to find officials, according to NCUA records.
- Every merger names both credit unions, from the NCUA's own quarterly reports, checked against the report's own totals.
The NCUA approved 149 credit union mergers in the four quarters to March 2026. Together the merging credit unions held $43.6 billion. The largest was First Technology, with $17.1 billion in assets, approved in Q3 2025 to merge into Digital; the median merging credit union held $22 million.
Most of these mergers are small credit unions joining larger ones: 68% of the merging credit unions held less than $50 million. For the continuing credit union, a merger usually means converting the merging credit union's members onto its own core, cards and online banking.
The 25 largest credit union mergers approved in the last four quarters
Ranked by the merging credit union's assets, as the NCUA reported them with the approval. The source link opens the continuing credit union's NCUA record.
| Approved | Merging credit union | Assets | Into | Reason | Source |
|---|---|---|---|---|---|
| Q3 2025 | First Technology, San Jose, CA | $17.1 billion | Digital, Marlborough, MA | expanded services | NCUA |
| Q3 2025 | Wings Financial, Apple Valley, MN | $9.5 billion | Ent, CO | expanded services | NCUA |
| Q3 2025 | CommunityAmerica, Lenexa, KS | $5.3 billion | Unify Financial, Lenexa, KS | expanded services | NCUA |
| Q2 2025 | Meritrust, Wichita, KS | $2.1 billion | Premier Members, Boulder, CO | expanded services | NCUA |
| Q2 2025 | Envision, Tallahassee, FL | $843 million | Addition Financial, Lake Mary, FL | expanded services | NCUA |
| Q2 2025 | Ukrainian Selfreliance, Feasterville, PA | $534 million | Self Reliance NY, New York, NY | expanded services | NCUA |
| Q1 2026 | Commonwealth One, Alexandria, VA | $521 million | Arlington Community, Arlington, VA | expanded services | NCUA |
| Q4 2025 | Fort Financial, Fort Wayne, IN | $358 million | Inova, Elkhart, IN | expanded services | NCUA |
| Q3 2025 | Members 1st, Redding, CA | $355 million | Rogue, Medford, OR | expanded services | NCUA |
| Q2 2025 | Great River, Saint Cloud, MN | $346 million | Credit Union 1, Lombard, IL | poor financial condition | NCUA |
| Q2 2025 | Scient, Groton, CT | $344 million | Coreplus, Norwich, CT | expanded services | NCUA |
| Q3 2025 | Benchmark, West Chester, PA | $315 million | Franklin Mint, Chadds Ford, PA | expanded services | NCUA |
| Q1 2026 | Advantage One, Brownstown, MI | $257 million | Loc, Farmington, MI | expanded services | NCUA |
| Q3 2025 | Coca-Cola, Atlanta, GA | $238 million | Associated, Norcross, GA | expanded services | NCUA |
| Q3 2025 | Louviers, Newark, DE | $227 million | Del-One, Dover, DE | expanded services | NCUA |
| Q2 2025 | Emery, Cincinnati, OH | $197 million | Sharefax, Cincinnati, OH | expanded services | NCUA |
| Q3 2025 | Community 1st, Dupont, WA | $194 million | Harborstone, Tacoma, WA | expanded services | NCUA |
| Q4 2025 | Community Credit Union of Lynn, Lynn, MA | $183 million | Rockland, Rockland, MA | expanded services | NCUA |
| Q1 2026 | Heartland, MN | $177 million | Novation, Oakdale, MN | expanded services | NCUA |
| Q1 2026 | Mac, Fairbanks, AK | $174 million | Credit Union 1, Anchorage, AK | inability to obtain officials | NCUA |
| Q1 2026 | Gateway Metro, Saint Louis, MO | $173 million | West Community, O Fallon, MO | poor financial condition | NCUA |
| Q1 2026 | Ascent, Ogden, UT | $172 million | Goldenwest, Ogden, UT | expanded services | NCUA |
| Q2 2025 | Crosspoint, Hamden, CT | $160 million | Nutmeg State Financial, Rocky Hill, CT | expanded services | NCUA |
| Q3 2025 | Arrha, Springfield, MA | $155 million | Brightbridge, Lawrence, MA | expanded services | NCUA |
| Q3 2025 | First Coast Community, Palatka, FL | $152 million | Radiant, Gainesville, FL | expanded services | NCUA |
Download every approval of the last four quarters (CSV), free. The full dataset, every merger approved since 2022 with both credit unions' charters, is one email away.
Why credit unions merge
The NCUA records a reason for every merger it approves. In the last four quarters:
- 105 mergers, 70%, were filed to offer members expanded services.
- 24 cited poor financial condition, and 4 poor management.
- 12 cited an inability to find officials: volunteers willing to serve on the board and committees.
- 3 cited a lack of support from the sponsor, the employer or association a credit union was chartered to serve.
The longer view
- The NCUA approved 668 mergers from the start of 2022 through March 2026: 179 in 2022, 144 in 2023, 161 in 2024, 157 in 2025.
- The busiest full year in that period was 2022, with 179 approvals.
- Credit Union 1 of Lombard, IL was the continuing credit union in the most mergers over the period, 26 mergers, and 30 credit unions absorbed three or more.
- In the last four quarters, 25 mergers joined credit unions headquartered in different states.
An approval is not a completed merger. Members of the merging credit union still vote, and a deal can be withdrawn. Of the 149 mergers approved in the last four quarters, 14 merging credit unions, the largest of them Commonwealth One, still filed a Call Report for June 2026: their mergers were still pending, or had been withdrawn.
What a merger means for technology
The continuing credit union moves the merging one's members onto its own systems, and the conversion weekend is the part members notice. These guides cover the systems involved:
- Mobile banking apps for regional institutions: the channel most members use first after a conversion.
- Data warehouse solutions for financial services: bringing two member bases' data into one place.
- Deposit management platforms: repricing and retaining the shares that come with a merger.
- KYC automation platforms: bringing new members up to the continuing credit union's standard.
Planning the integration? The Retail Bank Business Capability Model maps the work a credit union shares with a retail bank, so both sides of a merger can be laid against one model, and the Retail Banking Business Information Model defines the data that has to be converted.
More from Finantrix Atlas
- Largest credit unions in the US, ranked by assets
- US bank mergers: every deal in the past year
- Compare a credit union with its peers
How this list was built
Each merger is a row in the detail workbook of the NCUA's quarterly Merger Activity and Insurance Report, which lists the mergers its regional offices approved that quarter. Every quarter's count and merging assets are checked against the summary workbook of the same report, which states both; where the NCUA's two tables disagree, the detail rows are kept as published and the quarter is named in the build checks. Reports from the start of 2022 on share one layout and are all read.
A credit union the NCUA approved more than once, usually because a first merger was withdrawn and re-filed, often with a different partner, is counted once, at its latest approval. 5 credit unions were approved more than once over the period.
Whether a merging credit union still exists is checked against the NCUA's Call Report data for June 2026: a charter that no longer files has completed its merger or closed.
Limits
- Approvals, not completions. A merger counts in the quarter the NCUA approved it, which can be months before the conversion, and a merger can still be withdrawn after approval.
- Assets are as reported with the approval, not at the date the merger took effect.
- Federally insured credit unions only. Privately insured credit unions are not supervised by the NCUA and do not appear.
- One publisher. Every record is the NCUA's; the Call Report check confirms which merging credit unions have stopped filing, not the terms of any deal.
Cite this
Free to quote, cite and republish, including the chart, with credit to Finantrix Atlas and a link to this page.
The NCUA approved 149 credit union mergers in the four quarters to March 2026, moving $43.6 billion in assets into another credit union, according to a Finantrix Atlas analysis of NCUA records.
Suggested citation: Finantrix Atlas, "Credit Union Mergers," data through March 2026, from the NCUA Merger Activity and Insurance Report. https://www.finantrix.com/articles/credit-union-mergers
Embed the chart:
<a href="https://www.finantrix.com/articles/credit-union-mergers"><img src="https://www.finantrix.com/atlas/credit-union-mergers.png" alt="Credit union mergers approved per year, from Finantrix Atlas"></a>
<p>Chart: <a href="https://www.finantrix.com/articles/credit-union-mergers">Finantrix Atlas</a>, from NCUA records.</p>
Frequently asked questions
Q: How many credit unions merged in the last year? A: The NCUA approved 149 credit union mergers in the four quarters to March 2026.
Q: What was the largest credit union merger approved in the last year? A: Measured by the merging credit union's assets, First Technology, with $17.1 billion, approved to merge into Digital. The next largest was Wings Financial, with $9.5 billion, into Ent.
Q: Why do credit unions merge? A: In the NCUA's records, 70% of the mergers approved in the last four quarters were filed to offer members expanded services. Others cited poor financial condition, poor management, an inability to find volunteer officials, or the loss of a sponsor.
Q: Which credit union has absorbed the most others? A: Credit Union 1 of Lombard, IL, the continuing credit union in 26 mergers approved from the start of 2022 through March 2026.
Download the data
The 149 rows on this page (CSV), free. The full dataset has all 668 rows, as of March 31, 2026; we email you a link.
Frequently Asked Questions
How many credit unions merged in the last year?
The NCUA approved 149 credit union mergers in the four quarters to March 2026.
What was the largest credit union merger approved in the last year?
Measured by the merging credit union's assets, First Technology, with $17.1 billion, approved to merge into Digital. The next largest was Wings Financial, with $9.5 billion, into Ent.
Why do credit unions merge?
In the NCUA's records, 70% of the mergers approved in the last four quarters were filed to offer members expanded services. Others cited poor financial condition, poor management, an inability to find volunteer officials, or the loss of a sponsor.
Which credit union has absorbed the most others?
Credit Union 1 of Lombard, IL, the continuing credit union in 26 mergers approved from the start of 2022 through March 2026.