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North Carolina-based Freedom, Coastal FCUs to merge

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North Carolina-based Freedom, Coastal FCUs to merge

In North Carolina, FreedomFederal Credit Union of Rocky Mount ($53.3 million) will merge intoRaleigh-based Coastal FederalCredit Union ($2.60 billion), according to an announcement onFreedom's website.

The deal is expected to close July 1, with fullorganizational conversion in November.

The merger is still subject to member and regulatoryapproval. Freedom members' special meeting will be held in late May.