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RCU acquires RiverBank mortgages

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RCU and The RiverBank (Osceola) have entered into a definitive agreement for RCU to acquire the servicing rights of The RiverBanks' mortgage loans previously serviced by The RiverBank totaling about $600 million.

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The transaction, which will take place Oct. 14, brings about 4,200 additional mortgage loan members to RCU.

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