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TAMPA, Fla. and DENVER — In a move possibly demonstrating the continued upheaval of trust services within the credit union industry, two of the movement’s largest trust companies have announced their plans to merge.

CUNA Mutual Group and credit union-owned MEMBERS Trust Co., the nation’s first nationally-chartered trust company for credit unions, and Members Trust Company of Colorado are joining forces. MEMBERS Trust would be the surviving entity and Tom Walker, MEMBERS Trust Company’s president/CEO, would serve in that role following the merger, according to both companies. Members Trust Company of Colorado would convert to an operating division and Tim Kenczewicz, current CEO of Members Trust Company of Colorado, would serve as president of the division under terms of the merger plan.

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