Deteriorating financial condition, diminishing market and membergrowth and losing sponsor support force many credit unions tomerge.

But there are some credit unions that don't merge out ofnecessity. Instead, equally strong credit unions such as the $51 million PreferredFederal Credit Union in Greenville, Mich. and that $88 millionGrand Valley Co-op Credit Union in Grand Rapids, Mich., havedecided to merge for a different reason.

Both credit unions are not merging because of capital issues orlack of growth, explained Robert Shane, executive vice presidentand chief operating officer for Grand Valley Co-op.

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