Credit unions in Virginia, Maryland, Pennsylvania and Arizonarecently announced new mergers.

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The $20.6 billion Pentagon Federal Credit Union in Alexandria, Va., announcedMonday its fifth merger agreement this year with the $101 millionEnergy Federal Credit Union in Rockville, Md.

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Though PenFed said in a prepared statement that members ofEnergy FCU approved the merger by an “overwhelming margin,” thefinal vote tally was not released.

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Energy FCU was organized in 1948 by seven employees of the U.S.Atomic Energy Commission. The cooperative's original name was theU.S. Atomic Energy Federal Credit Union.

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In 1974, the U.S. Nuclear Regulatory Commission joined thecredit union as a sponsor. In 1977, the credit union's name waschanged to Energy FCU as it continued to broaden its field ofmembership to include companies affiliated with the NRC andDepartment of Energy.

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Energy FCU served 10,485 members.

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PenFedPresident/CEO James Schenck said while PenFed already servesDOE employees at two locations in Washington and Germantown, Md.,PenFed will operate a full-service branch in Rockville, Md., aspart of its network of 39 branches.

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The merger will take effect Jan. 1.

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In Pennsylvania, the $33.3 million Pittsburgh Central FederalCredit Union in Sewickley, Pa., merged into the $135 millionCHROME Federal Credit Union in Washington, Pa., effective Oct.1.

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Pittsburgh Central's 10 employees were offered positions withCHROME.

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Chartered in 1936, Pittsburgh Central served 5,706 members.

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To grow the credit union to $500 million over the next fiveyears, CHROME President/CEO Christopher George said he is in mergerdiscussions with other cooperatives.

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On Dec. 1, the $9.7 million Desert Medical Federal Credit Unionin Scottsdale, Ariz., will consolidate with the $629 million CreditUnion West in Glendale, Ariz.

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Chartered in 1970, Desert Medical served 2,030 members who workin the healthcare system of Scottsdale Memorial Hospital, MayoClinic and Hospital and Shadow Mountain Health Care.

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