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Permitting the deal to close before a decision on appeal would undermine the legal authority and duties, the TDFI argues.

Red Rocks CU is the sixth credit union ordered to pay refunds by the state.

The Anchorage-based credit union will operate more branches in Washington than in its home state.

The credit union's CFO, Steve Gorrie, will take over DeWitt's position on Aug. 1.

But UW Credit Union regains the top spot in the first quarter.

If approved, the consolidation would create a five-state league representing up to 718 credit unions and 14 million members.