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Ohio-based CUs complete merger


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Ohio-based CUs complete merger

Columbus, Ohio-based TelhioCredit Union said Oct. 3 that it has merged with Hamilton, Ohio-basedChaco Credit Union Inc.

Pursuant to the completion of the merger, Telhio CU will convertto a new core banking system immediately and upgrade Chaco CU's system over thenext eight months, according to a news release.

The merger makes Telhio the fifth largest credit union in Ohio,with 72,000 members and approximately $780 million in assets, the release added.