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Forty-Six-Year-Old CU Considering Merging With Local Bank

AUGUSTA, Maine -- The board of the $51 million KV Federal Credit Union will vote on Oct. 14 whether to put a proposal to merge with a bank before the credit union's members.

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AUGUSTA, Maine — The board of the $51 million KV Federal Credit Union will vote on Oct. 14 whether to put a proposal to merge with a bank before the credit union’s members.

According to an announcement KV put on its Web site (www.kvfcu.org), the merger would benefit the credit union’s members by allowing the credit union to grow further and offer more branches, more comprehensive business services, enhanced loan terms and maintaining its ties to the local communities, among other things.

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