The $10.3 million United Food and Commercial Workers Local 880 Credit Union in Cleveland has merged into the $184 million Firefighters Community Credit Union in Cleveland.
Taking effect Monday, the merger made the 3,600 UFCW members new members of FFCCU, increasing the surviving credit union membership base to 27,500. As part of the merger agreement, the UFCW Local 880 CU closed its doors Nov. 2, and all UFCW member data was transferred and integrated into FFCCU's IT system
“Our goal is to make this merger experience as smooth and positive as possible for everyone,” said Ben Laurendeau, president/CEO of FFCCU. “The transition should be fairly seamless for our new UFCW members.”
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
