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The $171 million Pelican State Credit Union of Baton Rouge said it expects a July 1 merger of the $1.9 million Lake Charles Telco CU in a move that will provide the Baton Rouge CU greater entry into the Lake Charles market.

The consolidation has been under consideration by the Telco board for more than a year and is part of the ongoing national trend on mergers as small CUs “simply find the economics too difficult to compete and still provide members a broad range of services,” said Jeffrey K. Conrad, Pelican president/CEO.

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