JACKSON, Miss. -- Keesler Federal Credit Union, a $2.1 billion member institution, has acquired Mississippi Department of Transportation Federal Credit Union.
The deal closed March 31. The merger is expected to be completed by June 30.
Both entities are among Mississippi's earliest credit unions. The Transportation Department began its operation in 1941 and Keesler in 1947.
Keesler began as a credit union for military personnel at Keesler Air Force Base in Biloxi, Miss. It has since grown to 187,000 members and recently expanded into Slidell, La.
Jeff Gerard, COO of Keesler Credit Union, tells the Mississippi Business Journal (http://bit.ly/QlYDLj ) the new acquisition will be a springboard for establishing several branch operations in the Jackson metropolitan market.
Mississippi Department of Transportation Federal Credit Union is a $4.8 million member institution.
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