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The $282,614, 144-member Dairy-Pak Athens Credit Union has merged with the $11 million, 2,369-member First Reliance Federal Credit Union, both in Athens, Ga.

Like many tiny credit unions, Dairy-Pak has been losing loan, investment and fee income over the past five years. From 2008 to 2012, the credit union has posted a total net income loss of more than $33,000, according to NCUA financial performance reports.

Peter Strozniak

Credit Union Times

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