State’s biggest credit union gets merger OK

Members and regulators have approved a merger of SECU, Maryland’s largest state-chartered credit union, and the Anne Arundel County Employees Federal Credit Union, the credit unions announced Tuesday. SECU, with about 220,000 members and more than $2.2 billion in assets, is scheduled to officially acquire the 14,000-member, $85.9 million AACE FCU in August. SECU’s members consist mostly ...

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