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Pioneer Credit Union members OK merger

7:13 PM, Sep. 23, 2013  |  Comments
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Pioneer Credit Union members last week unanimously approved the pending merger with Capital Credit Union of Kimberly.

The merger is expected to be complete in October 2014.

Capital Pioneer Credit Union will have 88,000 members and assets of $1.2 billion, putting it on par with Nicolet National Bank in Green Bay and Baylake Bank in Sturgeon Bay. It will have 25 branches primarily in the Green Bay and Appleton areas.

The October date was chosen in part because of plans to install a new computer system. When the system is in place, the merger can go ahead and members can use any of the combined branch offices.

Final regulatory approvals also are needed.

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