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Acting under an NCUA request, the $4.7 billion Bethpage Federal Credit Union said it expects to complete a Sept. 1 merger of the ailing $5 million UFCW Local 342 FCU of Mineola, N.Y.

The consolidation of the union-based credit union would be the first merger for 203,000-member Bethpage in five years “but fits well into our expansion program as we look at other similar opportunities,” said Linda Armyn, senior vice president of corporate strategy at the big Long Island institution.

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