In an effort to expand memberships and profits, Montana First Credit Union has attempted multiple times to merge with various other mega credit unions, including Horizon Credit Union.
“For the second time in less than a year, the board of Montana First Credit Union is asking its members to approve a proposed merger with Horizon Credit Union, a larger Spokane, Washington-based institution.
The first merger attempt was voted down in January by the members of Montana First Credit Union. But the boards of both credit unions reapproved the merger plan this spring.
The results of the vote will be disclosed at a special meeting on June 26.
I guess the boards of the two credit unions are following that old adage — if at first you don’t succeed, try, try again.”
Read more in the article from Credit Union Watch.