The proposed merger between two of New Mexico's largest credit unions was called off, according to a prepared statement released July 28 by the boards of directors.
In October, New Mexico's fourth largest credit union by assets, the $783 million Kirtland Federal Credit Union, announced it intended to consolidate with the $2.4 billion Sandia Laboratory Federal Credit Union, the state's largest credit union by assets.
After a 10-month due diligence process, both boards said it was "best to end merger discussions" between the Albuquerque-based credit unions.
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