The NCUA approved a merger on July 21 between First Carolina Corporate Credit Union of Greensboro, N.C., and Mid-Atlantic Corporate Federal Credit Union in Middletown, Pa., according to a joint statement released by both organizations.
The North Carolina state regulator also approved a corporate consolidation, because if the merger is approved by members, the combined corporates will operate under a North Carolina state charter.
On Friday, Mid-Atlantic Corporate and First Carolina Corporate will mail merger ballot packets to their respective memberships, the joint statement said.
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