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The $236 million Partners 1st Federal Credit Union of Fort Wayne, Ind., will be adding to its footprint next month when it merges with the nearby $2 million Food Marketing FCU.

Food Marketing, formed in 1935 to serve the 750 members of a grocery distributor, asked for the merger, said a spokesman for Partners, which like Food Marketing is headquartered in a Fort Wayne industrial park. Food Marketing lost $54,000 in 2009 and has recorded small losses through the first half.

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Peter Westerman


Credit Union Times

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