The deal is expected to be completed in October, the department said.
The state Department of Banking has approved the merger between Rocky Hill-based Nutmeg State Financial Credit Union and Hamden-based CrossPoint Federal Credit Union.
The DOB approved the merger on July 3. The deal is expected to be completed in October, the department said.
The combined entity will run under the Nutmeg brand and state charter, as an $865.2 million organization serving 63,000 members.
The
deal was originally announced in May.
CrossPoint will run as a division of Nutmeg until the credit unions finish integrating operations next spring, according to Nutmeg.
Nutmeg State Financial Credit Union CEO John Holt will remain CEO of the merged organization.
Chartered in 1935, Nutmeg has two branches in Bristol and two in Rocky Hill (including Rocky Hill High School) and one each in Glastonbury, Manchester, New Britain and Orange.
CrossPoint, chartered in 1936, has branches in Branford, New Haven, Hamden and inside the Southern Connecticut State University student center in New Haven.
