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Members of the $926 million Hoosier Hills Credit Union in Bedford, Ind., rejected a proposed merger with the $2.2 billion Centra Credit Union in Columbus, Ind., last week.
"The preliminary vote results released by the third-party administrator indicated that the majority of Hoosier Hills members who voted are not in favor of merging with Centra under the terms of the agreement as outlined," HHCU said on May 23, the day after the member vote.
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