In what would have been the largest credit union merger to date, Suncoast Schools FCU and GTE FCU have announced that they have terminated merger discussions.
The two Tampa, Fla. credit unions announced plans to merge back in March and would have created an $8 billion credit union in combined assets.
Suncoast Schools and GTE announced the decision to terminate in a statement that said, "This decision is mutual and based on the determination that the potential disruption in operations to both organizations was extensive enough to outweigh the potential benefits of the merger."
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