U.S. Coast Guard credit union, Tower Federal merger advances

The merger of the U.S. Coast Guard Community Credit Union into Tower Federal Credit Union has been approved by the Coast Guard credit union’s members.

The vote late last week clears a hurdle for the Coast Guard credit union and its 3,900 members to become part of the much larger Tower Federal.

Laurel-based Tower Federal has $2.6 billion in assets and more than 125,000 members. It has 16 branches in Prince George’s, Anne Arundel, Baltimore and Howard counties. The Coast Guard credit union has…