Merged Corporate Selects Its New Name

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The entity formed by the merger between Mid-States Corporate Federal Credit Union and Empire Corporate Federal Credit Union has selected its name: Members United Corporate Federal Credit Union.

If approved by NCUA, the merger is expected to be completed later in 2006 and will create a corporate with nearly $9 billion in assets and headaquarters in Warrenville, Ill., along with offices in Indianapolis, Eagan, Minn., Albany, N.Y., Jamesburg, N.J., Sioux Falls, S.D. and Warwick, R.I. All of those office locations reflect earlier mergers with other corporate credit unions.

A series of town hall meetings is now being held across states served by the two corporates aimed at answering any questions credit unions have.

"We felt that the new corporate's name should demonstrate the many positive facets the organization will offer the nation's credit unions," stated Joseph P. Herbst, current President of Empire Corporate and slated to be Members United's CEO.

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