Credit union announces bank purchase. Credit unions announce merger. (Source: Shutterstock)

Two leading South Carolina credit unions have announced plans to unite under a new brand name in a move they said will help them become more cost efficient and better adapt to changing regulations.

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Raychel Lean

Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.