The Delaware Credit Union League board of directors said Thursday it intends to merge with the Marlborough, Mass.-based Cooperative Credit Union Association.

Both trade organizations have been discussing the consolidation for many months, according to a statement released by the Cooperative association.

The Delaware league, one of the smallest independent trade organizations in the nation with about 20 credit unions, has seen its revenues decline over the last few years. Industry consolidation trends have forced other small state leagues to merge in recent years.

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