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Learning a Key Takeaway From a Called-Off Merger of Billion-Dollar Credit Unions

After announcing a “pre-agreement,” Launch CU and Community CU later realize their unique needs and priorities didn’t fully align.

By Peter Strozniak | January 10, 2025 at 04:00 PM
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 their proposed merger. When credit unions, particularly large-asset credit unions, announce a planned consolidation agreement, they are rarely terminated.

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