PenFed sign at its headquarters in Tysons Corner, Va. (Source: Shutterstock)
Pentagon Federal Credit Union will expand to Long Island by acquiring Sperry Associates Federal Credit Union, whose CEO had, as recently as July, written about the continuing viability of medium-sized credit unions.
Sperry ($265.4 million in assets, 16,303 members as of Sept. 30) announced Monday that its members had approved the merger in September. Its website said the merger will be complete Dec. 1, and its phone message said Tuesday that "eligible members" should have already received their $350 "member merger dividend."
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
© 2025 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.
