Jax Credit Unions Merge. Valued at $725 million.

[TheCat]

The merger between the two Jacksonville-based credit unions was formalized Friday following a vote by members of the State Employees Credit Union who endorsed the deal that makes the institution worth more than $725 million in assets, a news release said. The new entity will operate under the name fo First Florida Credit Union's name and charger and will now serve 60,000 members in 15 branches across Florida.

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