AUGUSTA, Maine — Two of the four other credit unions in Augusta that the $51 million KV Federal Credit Union said it considered as merger partners before turning to Kennebec Savings Bank said that they were never consulted about a potential merger.
KV CEO Beverly Beaucage said KV had considered other area credit unions as merger partners but had not found they had the same roots or commitment in the Augusta community that she said KV wanted.
But CEO's of two of the four other CUs that are also headquartered in Augusta said KV never told them it was considering a merger.
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One is the $245 million Maine State Credit Union. It's CEO, Normand Dubreuil, also said KV had never approached it about a possible merger.
"I think the important part of what they are saying is in the word 'considered,'" Dubreuil said. "They might have considered us privately and rejected us, but they never approached us. We were all very surprised by this. If anyone here had known they were interested in a merger, we probably would have approached them," Dubreuil said.
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