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What happens when federally insured credit unions merge?

April 26, 2017credit federally happens insured merge unions

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What happens when federally insured credit unions merge?

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o If a member has accounts in credit union A and credit union B, and credit union A merges into credit union B, accounts of credit union A continue to be insured separately from the deposits of credit union B for at least six months after the date of the merger.