Now that it has confirmed that merger talks are under way with its Maryland/DC counterpart, the New Jersey Credit Union League said Friday more regional compacts in the Northeast and Mid-Atlantic can represent a future trend for industry trade groups.
"Right now we have our hands full but given business conditions that kind of strategy is something to be looked at," said Shawn Gilfedder, chairman of the New Jersey group and president/CEO of the $250 million McGraw Hill FCU of E. Windsor.
In an announcement made yesterday, the New Jersey League and the Maryland & DC Credit Union Association said the two groups are exploring a "potential merger" subject to member approval.
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