Source: AdobeStock.
Perhaps one lesson from the most recent called-off merger of two billion-dollar Florida credit unions is to first have reasonable assurances that the unique needs and priorities of both organizations are fully aligned before announcing the consolidation publicly.
The $1.3 billion Launch Credit Union in Merritt Island and the $1.3 billion Community Credit Union of Florida in Rockledge, said last month that they mutually decided to scrub the proposed merger. When credit unions, particularly large-asset credit unions, announce a planned consolidation agreement, they are rarely terminated.
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