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Addison Avenue FCU of Palo Alto, Calif. and First Tech CU, of Beaverton, Ore., are planning a consolidation this summer creating a $5 billion institution using the First Tech name.

The proposed combination, still subject to regulatory and membership approval, has been in the works since last October and brings together two of the industry’s high-tech leaders representing a clientele well-versed in the latest online, investment and social media vehicles. Once finalized, the combined credit union will be the 15th largest in the U.S.

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