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Citing a “strength in numbers” strategy, two Rhode Island credit unions, the $44 million Alliance Blackstone Valley FCU and the $43 million Blackstone River FCU  have won NCUA clearance to merge effective Sept. 30. 

“Our boards felt that in this kind of challenging economy and with the many compliance hurdles coming our way, our best strategy for two healthy credit unions was to combine,” explained Joseph J. Cicione III, president/CEO of Alliance Blackstone Valley of Pawtucket.

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