ALEXANDRIA, Va.-NCUA steamed ahead in April continuing with select employee group (SEG) additions for multiple common bond credit unions. The regional directors approved 1,252 SEG expansions in April. Community charter conversions are becoming increasingly popular with seven approved in April for a total of 1,604,263 potential members. One community expansion also took place adding 169,208 potential members to the mix. NCUA also approved three expansions into underserved areas, adding 149,372 potential members. Additionally, 36 credit union mergers were approved in April with assets totaling $432,121,618. No credit unions converted from federal to state charter or vice versa.
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