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The boards of Spokane Valley-based Horizon Credit Union and Butte, Mont.-based EDTECH Federal Credit Union have voted unanimously to merge.
Jeff Adams, CEO of Horizon, says that the votes came through last month, and the merger documents will be filed later this month. The initial regulatory approval is anticipated for June or July. EDTECH members will then have a chance to vote on the merger in July, Adams says.
By their nature, when credit unions merge, no money or shares are exchanged, Adams says....