In a rare rejection by members, the $63 million Montana FirstCredit Union of Missoula, Mont. has turned thumbs down on aninterstate merger proposal by the $432 million Horizon Credit Unionof Spokane Valley, Wash.
The defeat in a special member vote held two weeks ago andconfirmed Tuesday following auditor certification was seen as asetback for Horizon in its plans to expand its footprint inwestern Montana.
Horizon, with 16 branches, already has a presence in Idaho'snorthern panhandle in addition to branches in easternWashington.
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