AUGUSTA, Maine — Even though the board of the $51 million KVFederal Credit Union will not even meet to vote on whether to moveforward with a possible merger with a mutual bank, the CU hasalready scheduled meetings with members to discuss the idea.

The credit union has confirmed local press reports that it hastwo meetings scheduled, one in Augusta where its headquarters islocated on Sept. 30 and the other in Oakland, where it has abranch, on Oct. 1.

As the meetings draw near, another member has spoken out in thelocal media about the merger. Anne Boulette, identified in pressaccounts as the former CEO of the $30 million KSW Federal CreditUnion, headquartered in Waterville Maine, wrote a letter to theMorning Sentinel where she urged KV members to attend themeetings.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.