The $75 million REALTORS Federal Credit Union, launched three years ago as the nation's first virtual credit union, is being merged into the $2.2 billion Northwest Federal Credit Union of Herndon, Va.
The credit union has lost money since it was opened in the spring of 2009.
Northwest FCU will gain a major springboard into reaching the nation's 1 million Realtors, said Jane Pannier, who was hired two years ago to take the helm of the online credit union based in Rockville, Md.
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