162 Credit Unions Lost to Mergers in 2024

In 2024, NCUA approved 162 credit union mergers, up from 145 in 2023.
... and approved only three new charters.

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The CU De Novo Collective Foundation is OPEN for donations for de novos!

We’re fighting for the of credit unions.

Credit Unions Lost

0

Since 2011
Credit unions
merged

0

out of existence
in 2024
Credit union
charters

0

approved
in the last year
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Flame

The CU De Novo Collective’s purpose is to keep fighting for the future of credit unions...

even if we may not be around to see it.

Power

Here’s what the CU De Novo Collective

is doing about it

The CU De Novo Collective hopes to spark a revolution within the credit union movement where new credit unions can be formed more easily to serve new and existing communities in exciting new ways.

We’re working to help established credit unions and the industry as a whole to support and value new credit unions. In our vision of the future, forming new credit unions will become a common, accepted way of meeting new needs and pursuing new opportunities with a wide array of existing and new communities.

Small Credit Unions and De Novos in the News