Howard University School of Law.
In an announcement published Monday, the Washington, D.C.-based Howard University Employees Federal Credit Union merged into the Greenbelt, Md.-based Educational Systems Federal Credit Union, According to officials, the merger agreement became effective on Nov. 30.
The $10 million Howard University Employees FCU was chartered in 1935 and brings its 1,164 members into the Educational Systems family, which will give those members an expanded “range of financial services available to employees, students, alumni and family members of Howard University as well as Howard University Hospital.”
According to Monday’s announcement, to preserve its long-standing history, the Howard University credit union branch will be referred to as Howard University Federal Credit Union, a division of Educational Systems Federal Credit Union ($1.2 billion in assets, 89,689 members).
Chair of the Board of Directors for Howard University Employees Federal Credit Union Lincoln Brown, Jr. said, “Joining Educational Systems Federal Credit Union gives our members access to an expanded branch network and innovative financial services while continuing to receive the personalized care and support they value. We are proud to merge with a credit union that shares our dedication to the Howard University community.”
President/CEO of Educational Systems FCU Girado Smith added, “We are excited to welcome Howard University Employees Federal Credit Union members to the Educational Systems Federal Credit Union family. We are committed to fostering financial well-being by providing competitive solutions, personalized services and educational resources to the Howard University community.”
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
