Southeast Corporate Federal Credit Union members have approved merging it into Corporate One Federal Credit Union and now all that remains is raising the money.
The consolidation was given final approval by a count of 146-2 on Wednesday by a mail vote and ballots cast at a special member meeting at the Southeast Corporate's office in Tallahassee, Fla., the corporates said.
"Our members understand the merger with Corporate One is the last opportunity to preserve their capital and protect the credit union movement from further losses; thankfully, it's also a tremendous opportunity for them to become a part of one of our industry's most financially competent and progressive corporates," said Southeast Corporate President/CEO Brad Miller.
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