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Two hands putting small puzzle pieces together. Merger announced of two smaller credit unions in Maine.

The $7.9 million Blue Cross Blue Shield of Maine Employees Federal Credit Union in South Portland said it plans to merge next year with $187 million the TruChoice Federal Credit Union, also based in South Portland.

Like many small credit unions, the increasing regulatory and technology demands of the banking industry have made it difficult to work efficiently, provide the products and services members are looking for, and keep rates reasonable, BCBSME FCU explained in a prepared statement to its members.

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Peter Strozniak

Dig Deeper


Credit Union Times

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