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Alliance of Maine FCU Executive Writes Against KV Merger

AUGUSTA, Maine -- Even though he acknowledged the merger between the $51 million KV Federal Credit Union and Kennebec Savings Bank would take a competitor out of his market, an executive with another Augusta credit union wrote an opinion piece that the merger is a bad deal for credit union...

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AUGUSTA, Maine — Even though he acknowledged the merger between the $51 million KV Federal Credit Union and Kennebec Savings Bank would take a competitor out of his market, an executive with another Augusta credit union wrote an opinion piece that the merger is a bad deal for credit union members.

Paul Guerrette, vice president of the $30 million Alliance of Maine Federal Credit Union, penned the piece appearing in The Kennebec Journal, in response to an opinion article from KSB CEO Mark Johnston in support of the merger.

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