WARRENVILLE, Ill. — Central Credit Union Fund and Members United Corporate Federal Credit Union have officially merged effective Dec. 1.
To assure consistency and continuity in service quality, Central Fund's member contact staff has been retained, and an office in Massachusetts will be maintained to deliver the same local, personalized service the state's credit unions were accustomed to receiving, according to Members United. This commitment to quality member service, and to Central Fund's 208 member credit unions and credit union organizations, was fundamental to both corporates during the entire merger process.
NCUA approved the merger in September. The members of Central Fund overwhelmingly approved the merger in June and the Massachusetts Division of Banks granted their approval in July.
John Caulfield, president/CEO, St. Mary's Credit Union and Central Fund's previous board chair, has been appointed to Members United's board of directors.
“With our commitment to personalized member service and a local presence in Massachusetts, a unique innovation department, as well as our extensive product depth and financial strength, we now serve nearly 2,300 credit unions of all sizes throughout the nation,” said Joseph Herbst, CEO, Members United.
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