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DUNEDIN, Fla. – Achieva Credit Union said it has successfully completed its merger with Preferred Community Bank, a Florida state-chartered bank in Lee County with $118 million in assets that it purchased earlier this year.

WASHINGTON—A number of federal departments and agencies, including NCUA, have issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively.