NCUA spokeswoman Cherie Umbel told Credit Union Times that it can not confirm that Eastern Financial Florida Credit Union will merge with Space Coast Credit Union.

Members of Space Coast Credit Union's executive management team are scheduled to meet with management at Eastern Financial Florida Credit Union today to begin the process of assessing every operational area of the troubled financial institution.

Credit Union 24, the credit union owned ATM and EFT network headquartered in Florida has announced four more CUs have joined its network and credit unions worth more than $4.3 billion in assets have renewed their contracts with their network.

There now are 200 credit unions and other lenders using the automated direct, indirect and merchant lending software platforms from Teres Solutions, the company said.