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KV Meets with Members About Bank Merger

AUGUSTA, Maine -- Members of the $51 million KV Federal Credit Union estimated that about 100 fellow members attended a meeting the CU called to discuss its proposal to change its charter and merge with a local mutual bank.

By David Morrison | Updated on October 01, 2008

AUGUSTA, Maine — Members of the $51 million KV Federal Credit Union estimated that about 100 fellow members attended a meeting the CU called to discuss its proposal to change its charter and merge with a local mutual bank.

Members who attended the more than two hour meeting characterized its tone as civil and professional and said the CU’s leadership had been open about taking questions about the merger. One added that KV leaders had also been explicit about the merger not going forward without the CU members’ consent.

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