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Jun21
Nationwide Looks To Roll Credit Union Into Banking Unit
A large insurer Nationwide Financial Services Inc. is looking to merge its current Nationwide Federal Credit Union affiliate into a transformed banking unit, Nationwide Bank according to a press release on nationwide.com

This merger will pay “$79 million for the Credit Union members’ ownership interest in the credit union.  Members will receive these funds on a “pro-rata basis according to the deposit account balances as of March 31, 2006.   

The current services and product line-up offered by the Credit Union will not change once this merger closes.  The offices of the new Nationwide Bank will stay housed within Nationwide doors as the current Credit Union is now.  
  

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