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SEATTLE-Another credit union has converted to a mutual savings bank. This one has been in the works for some time, and Credit Union Times has already reported on it, but now it’s official. The $140.5 million state chartered Credit Union of the Pacific has completed the process of converting to a mutual savings bank charter. Sound Community Bank opened its doors May 19, according to a letter to its member customers. The financial institution will maintain the same CEO, Laurie Stewart, and staff.

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