financial and economy : Burlington city credit union merges with NorthCountry Federal
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Union. The deal will be complete Monday. The city credit union has 2,200 members. NorthCountry Federal Credit Union has 13,500 members. Together the credit unions will have more than $80 million in assets. Staff at the city credit union -- three full-time and one part-time -- will work for NorthCountry, said John Benoit, chief executive officer at NorthCountry. The Burlington employees credit union board decided on the merger because the credit union was not able to offer services like Internet banking, money market checking and mortgages, Benoit said. The merger will make NorthCountry stronger with more members and assets, Benoit said. The merger adds a downtown Burlington branch to NorthCountry's four branches. NorthCountry has branches on Swift Street in South Burlington, Lakeside Avenue at General Dynamics in Burlington and in East Montpelier and Lyndonville.
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