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Coast-Tel FCU members OK merger into California-based Bay FCU

Coast-Tel FCU members approved the merger of the Salinas, Calif.-based credit union into Capitola, Calif.-based Bay FCU.

The merger proposal has already received approval from the National Credit Union Administration.

The legal merger will occur Feb. 1, with the operational combination of accounts by mid-year 2019. Coast-Tel will become a Bay FCU division.