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The State Flag of Texas. The State Flag of Texas. (Source: Adobe Stock)

The $62.8 million Texas Federal Credit Union of Dallas said Thursday it intends to merge with the $1.6 billion Texas Trust Credit Union in Arlington, according to a prepared statement released by the Lone Star State cooperatives.

TFCU members voted in favor of the merger during a special virtual meeting held earlier this week. Texas Trust, which declined to release the total number of votes cast, said 92% of TFCU members voted for the merger.

Peter Strozniak

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