Clarion University Votes To Merge with PSECU
CLARION, Pa. -- Clarion University Federal Credit Union members voted to merge with Pennsylvania State Employees Credit Union at a special membership meeting held April 10.
The ending vote count was 403 to 59 in favor of the merger. The merger will be official for Clarion University members on July 1.
"By merging with PSECU, we ensure that our members continue to receive the best value in financial services available," said Clarion President Cynthia Nellis. "PSECUs commitment to its members and the cooperative principles of the credit union industry only strengthen our belief that merging with PSECU is in the best interests of our members."
The $6.37 million Clarion has 1,429 members. Pennsylvania State is one of the nation's largest credit unions with an asset size of $2.96 billion and 336,115 members.
"We look forward to serving the members of Clarion University Federal Credit Union," said PSECU President Gregory Smith. "This merger was a natural fit for PSECU because students, faculty and alumni of Clarion University are already within PSECUs field of membership."