ALEXANDRIA, Va. — The Central Credit Union Fund and Members United Corporate FCU formally announced today the NCUA approval of the merger.
NCUA approval was the final step in the process for the duo. Plans are in motion to merge the Central Fund into Members United later this year with back office functions consolidated into Members United's existing infrastructure but maintaining member contact staff in Massachusetts as well as the office there.
"This merger was, is and will continue to be for the benefit of Central Fund members. Of note, they will soon be able to enjoy a broader array of competitive products and services," Central Fund President/CEO James L. Van Arsdale said.
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