The $3.4 billion Corporate America Credit Union and the $185 million Louisiana Corporate Credit Union announced late Monday they have called off their merger.
The two corporates decided to part ways rather than remain in "merger limbo," as Corporate America Interim President/CEO Dan Buckley called it, waiting for NCUA approval.
"We began the merger process more than a year ago, and while it was approved by both boards of directors and state regulators, it has remained pending at NCUA," said David Savoie, president/CEO of LaCorp in Metairie, La.
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