The nation's largest merger a $4.7 billion combination of Addison Avenue Federal Credit Union of Palo Alto Calif. and First Tech CU of Beaverton, Ore. has won final approval of First Tech members, it was announced Friday.
The climax of a favorable member vote has long been awaited in the merger deliberations begun more than a year ago.
Under the pact, the two CUs will legally become First Tech FCU on Jan. 1. Benson Porter, Addison Avenue's current President and CEO, will continue in the same post of the combined credit union.
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