The Maryland/DC Credit Union Association, which since last year has been scouting for a new president/CEO, has also been looking at a possible merger with one of its Mid-Atlantic neighbor leagues, it was reported Thursday.

Officials of the association were not immediately available for comment on the report but sources said "preliminary discussions" have been under way for some weeks with the New Jersey Credit Union League on a possible consolidation.

The framework and impetus for a merger or alliance follows similar league restructuring both on the West Coast and in the mid-continent with new alignments set up as part of a cost-cutting drive among leadership of the trade groups.

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