Philadelphia's $1.4 billion TruMark Financial Credit Union saidTuesday it has agreed to take over the distressed $1.5 millionKenrick FCU in suburban Wynnewood.

Vincent Market, chief financial officer of TruMark Financial,said the NCUA had contacted TruMark several months ago about amerger for Kenrick, which had suffered capital qualityproblems.

“NCUA said Kenrick was looking for a partner and we agreed tohelp out,” said Market, whose 95,000-member, 14-branch credit uniontook over the NCUA-liquidated, $635,000 People for People Community Development CU in February in apurchase/assumption deal.

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