DANBURY, Conn. - Members of Danbury Municipal FCU have overwhelmingly approved a merger with Sikorsky Financial Credit Union, the largest state-chartered credit union in Connecticut. At the election meeting held March 18, 96% of the votes cast by DMFCU members were in favor of the merger. The merger has already been approved by NCUA and is awaiting final review and approval by the Connecticut Office of the Banking Commissioner. The merger is the first for Sikorsky since it became the first federal credit union in Connecticut to convert to a state charter last year and was granted a community field-of-membership. Its field-of-membership includes the three contiguous counties of Fairfield, New Haven or Hartford counties, with the exception of the FOMs of 10 area CUs. Danbury Municipal FCU is located in Fairfield County.
Danbury Municipal FCU members approve merger with Sikorsky Financial CU
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Resource CenterView All »
To learn how you and your institution can stay compliant with the new proposed FFIEC...
Could plastic cards become a thing of the past? This white paper explains what constitutes...
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...