The $303 million York County Federal Credit Union in Sanford, Maine plans to merge with the $363 million Atlantic Federal Credit Union in Brunswick, according to a prepared statement released Monday.

The combined credit union will become Maine's largest credit union with $666 million in assets and nearly 44,000 members, if the proposed merger meets its due diligence requirements and secures approvals from regulators and York County FCU members.

The current largest credit union in the Pine Street State is the $404 million Maine State Credit Union in Augusta, which serves more than 28,000 members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.