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The NCUA has approved the merger of a Texas credit union without a member vote, a second credit union consolidation the federal agency green lighted within the past month.

On Dec. 26, an NCUA spokesperson said the $2.9 million Waconized Federal Credit Union in Waco, Texas was given the OK to merge with the $16.7 million 1st University Credit Union, also based in Waco. The consolidation was allowed in accordance with NCUA Rules and Regulations, Part 708(b), which gives the federal agency the authority to permit a merger without a member vote under certain circumstances.

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