Merger with Campus Federal OK'd by OLOL credit union
At a special meeting Thursday evening, members of Our Lady of the Lake Regional Federal Credit Union overwhelmingly approved a merger with Campus Federal, with 95% voting in favor. "Today marks a significant enhancement to an already strong relationship with Our Lady of the Lake. Now, building a partnership with everyone in the OLOL community will be our charge," Campus Federal CEO John Milazzo says in a prepared release. Ron Moreau, Campus Federal vice president of business development and community relations, says the plan is to have the lone OLOL credit union branch at the hospital's Baton Rouge campus re-branded and open as a Campus Federal branch by April 1. With the merger, Campus Federal now has eight branches in the state, five of which are in Baton Rouge. Moreau says approximately 26% of OLOL credit union members voted on the merger, first announced in early January.
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