It's been nearly eight months now since plans for the nation's biggest credit union merger, the $4.6 billion consolidation of First Tech CU and Addison Avenue FCU, was unveiled–and there is still no word on any regulatory approval.
Back in March the top brass of both CUs forecast regulatory action "some time this summer" with formal member approval by First Tech to follow.
This month in parallel website explanations, the CEO and interim CEO of both CUs cited the "unique" nature of the merger of two healthy institutions and said "very productive conversations continue with the regulators."
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