Two of the largest and politically influential credit unions, Suncoast Schools Federal Credit Union and GTE Federal Credit Union, announced today a proposal to merge.

The merger of the two Tampa-based financial institutions, which is subject to approval of the NCUA, would create a credit union with combined assets of $7.8 billion.

Suncoast Schools President/CEO Tom Dorety recently completed a term as chairman of CUNA. GTE FCU is headed by former NCUA executive Bucky Sebastian. A staffer from Suncoast Schools confirmed the announcement.

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