Two Baton Rouge credit unions, the $191 million Pelican State CUand the $93 million Eagle FCU, said Wednesday they have agreed to abranch swap at a New Orleans facility which felt the brunt ofHurricane Katrina in 2005.
Under the transaction, Pelican State is transferring loans, alone employee and the actual trailer building in Chalmette, a NewOrleans suburb, to Eagle effective April 17.
The branch sits on a refinery site and once housed $3 millionChalmette Refinery CU, which had been in danger of closing until itwas eventually merged into Pelican to protect the member base.
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