Two Maryland CUs Announce Completed Merger
Wor-Co FCU members vote in February to merge with First Financial FCU.
On Thursday, the $1.2 billion Sparks, Md.-based First Financial Federal Credit Union, located in the northern suburbs of Baltimore, finalized its merger with the $2.6 million Wor-Co Federal Credit Union, located 170 miles away in the small, southern Maryland town of Pocomoke City.
The finalized merger comes a month after Wor-Co members voted 66-11 to merge with First Financial. “We are excited for the opportunities this merger brings to the former Wor-Co members. First Financial offers a variety of financial products, convenient services and the personal service our members have come to expect from their credit union,” Wor-Co Supervisory Committee Chair Dawn White said in a prepared statement.
According to Thursday’s announcement, as a result of the merger, First Financial now serves four school systems throughout Maryland and over 90 select employer groups within its service region.
“Having the common bond as education-based credit unions, the merger between First Financial and Wor-Co is a very natural fit,” Eric Church, First Financial president/CEO, said. “We are excited to welcome aboard the members of Wor-Co Federal Credit Union, and look forward to being a part of their community.”
According to information on First Financial’s website, the Wor-Co branch closed from March 18-21 for conversion to the First Financial systems and reopened on March 22 to members as First Financial.
According to NCUA data, First Financial will add 612 Wor-Co members to its 64,897-member base.