The $6 billion Security Service Federal Credit Union of Texas said Friday its takeover this week of the failed $145 million Beehive CU "is going very well with positive member response" despite months of public turmoil.
The San Antonio CU, as Utah's newest out-of-state entry, also reaffirmed its eagerness to "cooperate fully with our Utah peers to ensure the continued viability of the credit union charter in Utah and throughout the country" in an apparent reference to the bitter and costly field of membership court fight with the banking lobby.
The presence of four billion dollar CUs in the Utah market, including the two newest through mergers, has raised speculation Utah could once again become another test battleground for a bank/CU clash perhaps over the tax exemption.
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