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Crocus Credit Union acquires majority interest in Phillips Insurance Agency

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Crocus Credit Union acquires majority interest in Phillips Insurance Agency

Crocus Credit Union has purchased a majority interest inPhillips Insurance Agency Ltd.

Crocus Credit Union will acquire the remaining minorityinterest Jan. 1, 2017.

The sale will have no effect on policies or other businessthat customers have in place with Phillips. It will also have no effect on thecompany's staffing levels.