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CUs announce merger plans. CUs announce merger plans. (Source: Shutterstock)

Boise, Idaho-based Icon Credit Union plans to merge with Spokane Valley, Wash.-based Horizon Credit Union, the two organizations have announced.

The combined entity will have more than $1.5 billion in combined assets and 28 branches in Idaho, Oregon, Montana and Washington. The credit unions said they expected to close the deal, which is still subject to regulatory and member approval, by the third quarter of this year. Financial terms of the merger were not disclosed.

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Tina Orem

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