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PenFed sign at its headquarters in Tysons Corner, Va. PenFed sign at its headquarters in Tysons Corner, Va. (Source: Shutterstock)

Members of the $34.8 million Post Office Credit Union in Madison, Wis., voted in favor of merging with the $26.5 billion Pentagon Federal Credit Union in McLean, Va., on Monday.

PenFed President/CEO Jim Schenck said POCU members voted by an overwhelming majority for the consolidation. He declined to share how many members cast ballots and how many members voted for and against the merger.

Peter Strozniak

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