ALEXANDRIA, Va. – NCUA has approved the merger of the $4.5 billion Empire Corporate and the $6.4 billion Mid-States Corporate. This is one of a number of large corporate mergers in the corporate network. Just recently, the $10 billion Southwest Corporate announced plans to merge with the $4 billion Southeast Corporate. There is also a merger in the works between the $26 billion WesCorp and the $900 million VolCorp, but it is facing regulatory problems on the state level in Tennessee. Empire's members will vote on the merger next month. If approved, the merger is expected to be completed by June. The new corporate's name will be Members United Corporate Federal Credit Union.
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