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Two credit unions plan a historic merger, creating a $5 billion entity across four U.S. states and the UK.
Two credit unions, Keesler Federal in Mississippi and Jefferson Financial in Louisiana, plan to merge, creating the largest credit union merger in their states' history.
The combined entity, subject to approval from the National Credit Union Administration and Jefferson Financial members, would have assets of nearly $5 billion and operate 55 branches across four states and the UK.
Full integration under the Keesler Federal name is expected by late 2025 or early 2026, enhancing services for members.
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Dos cooperativas de crédito planean una fusión histórica, creando una entidad de $5 mil millones en cuatro estados de los EE.UU. y el Reino Unido.