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Judge's gavel rests on a pile of cash. Source: Shutterstock.

The $1 billion Vibrant Credit Union in Moline, Ill., sued the $336 million Infinity Federal Credit Union in Westbrook, Maine for failing to pay its share of the $395,000 in costs of a proposed merger that was called off after months of due diligence and negotiations.

Between December 2018 and September 2019, the credit unions were in discussions of Infinity FCU to consolidate into Vibrant CU.

Peter Strozniak

Credit Union Times

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