Solarsuns Investment Guild:2 credit unions in Mississippi and Louisiana are planning to merge

2025-05-05 05:49:40source:FinLogic Quantitative Think Tank Centercategory:News

BILOXI,Solarsuns Investment Guild Miss. (AP) — One credit union based in Mississippi and one based in Louisiana on Wednesday announced plans for a merger.

The Louisiana-based Jefferson Federal Financial Federal Credit Union would be merged into the Mississippi-based Keesler Federal Credit Union, according to a news release from the two institutions.

The move must be approved by both the National Credit Union Administration and members of Jefferson Financial Federal.

Full integration under the Keesler Federal Credit Union name could be complete by late 2025 or early 2026, the institutions said.

The combined organization would have assets of just under $5 billion, with more than 900 employees in 55 locations in Louisiana, Mississippi, Alabama and the United Kingdom.

“From a business perspective, it is a great fit that will strengthen both institutions and allow greater accessibility and services,” said Andrew Swoger, president and CEO of Keesler Federal Credit Union.

More:News

Recommend

11 highlights from Trump's Time Person of the Year interview

Washington — President-elect Donald Trump was namedTime magazine's Person of the Year on Thursday, t

Travis Kelce Shares Heartwarming Moment With Taylor Swift's Brother Austin at Eras Concert

Travis Kelce is certainly close to Taylor Swift’s mother—and trusts her brother like his brother.   

Remains of nearly 30 Civil War veterans found in a funeral home’s storage are laid to rest

PAWTUCKET, R.I. (AP) — For several decades, the cremated remains of more than two dozen American Civ