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Regulators OK Mid-Atlantic Corporate FCU/First Carolina Corporate CU merger

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Regulators OK Mid-Atlantic Corporate FCU/First Carolina Corporate CU merger

The proposedmerger between Middletown, Pa.-based and Greensboro, N.C.-based First Carolina Corporate Credit Union has receivedapprovals from the NCUA and the North Carolina state regulator, according to aJuly 21 press release posted on CUInsight.com.

The combined entity will operate under the North Carolinastate charter once the merger has taken place.

Both credit unions will mail merger ballot packets to theirrespective members July 22 that contain, among others, a ballot to vote on themerger.