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The $213 million, 15,600-member Garden Savings Federal Credit Union in Parsippany, N.J., and the $64 million, 5,700-member Morristown Federal Credit Union of Morristown, N.J., will merge effective Jan. 1, the credit unions said.

Garden Savings FCU will remain the name. The merger was approved by Morristown FCU members on Nov. 27 and signed by both credit unions’ boards on Dec. 22, the credit unions said.

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