LSCU members approve merger with Georgia’s League
GCUL's Mike Mercer is “very confident” member credit unions will give nod to the consolidation.
Florida and Alabama credit union members of the League of Southeastern Credit Unions overwhelmingly voted in favor of merging with the Georgia Credit Union League during LSCU’s annual business meeting in Orlando on Thursday.
The final vote count was 60 in favor, one against, LSCU President/CEO Patrick LaPine said.
To comply with the state’s non-profit laws and regulations, the final vote count of Georgia’s credit unions could not be publicly released during a Thursday press conference, but GCUL President/CEO Mike Mercer said he feels “very confident” that the merger vote will pass by a wide margin as well.
“We encountered, what I would call, very constructive support from credit unions everywhere, that this (merger) represented a good approach for the future, a way to generate additional value for credit unions,” Mercer said.
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