LAKELAND, Fla. – Lakeland Community Credit Union and MidFlorida Federal Credit Union recently received regulator approval to merge. NCUA and the Florida Division of Banking and Insurance recently provided early approval of the merger. The final step of the merger is ratification by Lakeland's membership. Ballots are scheduled to be mailed out this week and depends on a majority vote of Lakeland's 7,600 depositors. If approved, the new credit union will have assets of $555 million and nearly 97,000 members. Combined deposits would total nearly $503 million.
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