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Two New Hampshire credit unions, Northeast Credit Union and Woodlands Credit Union announced last week that the merger between the two credit unions has received all necessary member and regulatory approval. Woodlands Credit Union members approved the merger via mail-in balloting as well as in-person voting during a special meeting held in Berlin, N.H. on Oct. 27. The membership vote was the final step in the approval process. The merger will be effective on Jan. 1, 2013, with the combining of operating systems set for late summer 2013. Once complete, this union will offer expanded banking products and services, greater convenience, and a stronger financial cooperative for the credit union’s membership, a Woodlands press release said.

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Peter Westerman

Credit Union Times

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