Southeast credit union trade groups announce merger plans
The League of Southeastern Credit Unions & Affiliates and the Virginia Credit Union League plan to merge, although the timing remains murky.
Not only are credit unions merging with increasing frequency, the leagues and associations that serve them are joining forces too.
In the most recent example, the League of Southeastern Credit Unions & Affiliates has announced its plans to combine with the Virginia Credit Union League.
In a press release Tuesday, the groups said the collaboration will create a more diverse and powerful network of state and federal lawmakers and regulators, increasing their ability to drive positive change.
If the deal is approved, the new organization would represent 386 credit unions and 31.5 million members across Virginia, Alabama, Georgia and Florida.
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