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TALLAHASSEE, Fla. and PLANO, Texas — It was big, it was bold. It was going to be the largest corporate credit union merger in credit union history, but the deal is now off.

The $4 billion Southeast Corporate, based in Tallahassee, and the $10 billion Southwest Corporate, based in Plano, have called off their merger plans and don’t expect to revisit them in the future. The merger was announced this past spring. Southeast CEO Bill Birdwell calls the timing of both the merger agreement and the ending of the merger plans, a bit of a coincidence. “If you look at this whole thing, it was not a pre-planned merger, it was just a coincidence of timing,” said Birdwell.

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