Earlier this month, the members of Mercy Credit Union of Miami voted overwhelmingly in favor of merging into JetStream Federal Credit Union. The merger creates a credit union with more than $150 million in assets, eight branch locations, and over 19,000 members throughout Miami Dade County and Puerto Rico.
The merger, which received regulatory approval in October, will become official on Dec. 31. JetStream FCU will provide former Mercy CU members with additional products and services, the credit unions said.
JetStream FCU President/CEO Jeanne Kucey will remain president/CEO of the newly combined organization, which will retain the JetStream FCU name. MCU President Joe Lanteigne will retire after 20 years of service at the Mercy helm. The MCU branch in Miami Lakes, Fla., will remain open with the same operating hours, and all employees of JFCU and MCU will continue to be employed following the merger.
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