The $203 million, 16,400-member Dutch Point Credit Union inWethersfield, Conn., said Friday that it will be merging the $32million, 5,200- member Capitol Region FCU, also inWethersfield.

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Capitol Region FCU's membership approved the merger in a specialmeeting and the consolidation is expected to take place in lateOctober, the credit unions said in an announcement.

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“We are member-centric organizations who share the same valuesand vision for our members. This is an exciting time becausetogether we can deliver a broader range of products and services,”said Francis Proto, Dutch Point CU president/CEO.

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“We see this merger as an opportunity to gain value for all ourmembers by combining the strengths of two great credit unions. Better still, both credit unions will see an expansion indelivery channels by way of more branches,” said Jeanne Kelly,president/CEO of Capitol Region FCU.

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Capitol Region FCU was founded in 1954 to serve West Hartfordfirefighters and currently serves more than 100 SEGs.

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Dutch Point CU was founded in 1960 to serve Hartford ElectricLight Co. employees and now is open to anyone who lives, works,worships, or goes to school in Hartford, Middlesex, New Haven orNew London counties.

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The merged organization will have seven branch offices. Dutch Pointruns on the Symitar Episys core processing system while CapitolRegion is a CMC/FLEX user, according to the Technology Survey fromCallahan & Associates.

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