Small CU Expands Its FOM by 1.6 Million
Inspire FCU instantly grows its potential membership into one of the largest metro areas in the U.S.
The $334 million Inspire Federal Credit Union in Newtown, Pa., has created and fostered deep roots in the quieter communities northeast of Philadelphia for decades. On Monday, credit union officials announced that it expanded its field of membership into all of Philadelphia County – a county with a population of 1.6 million people.
The 15,438-member credit union said anyone who lives, works or goes to school in Philadelphia County can now join Inspire.
In a statement, Inspire President/CEO Jim Merrill said, “With our expansion into Philadelphia County, we aim to foster financial empowerment, strengthen local economies and build lasting relationships. From helping individuals achieve their financial goals to supporting entrepreneurs in realizing their dreams, we’re turning aspirations into accomplishments.”
According to the credit union, Inspire is in the early stages of creating new relationships with nonprofit organizations in Philadelphia, as well as economic development and advocacy groups to help expand the credit union’s reach beyond its headquarters in Bucks County.
Merrill said, “Convenience, speed and security – backed by a dedicated team that listens, advises, and supports members in their financial journey – is what sets Inspire apart. Philadelphia and Bucks counties are intricately woven together. We are incredibly excited on this new venture and are committed to setting a standard of excellence that truly resonates with the spirit of Philly.”
The credit union currently has locations in Newtown, Bristol, Langhorne and Warminster.