Flooding Fears Delay Louisiana Merger Fete
Spring flooding delayed the party welcoming the 600 new members of the $495 million Neighbors Federal Credit Union of Baton Rouge, La., after the April merger with GEA FCU of nearby St. Gabriel.
Rising river water in a Baton Rouge industrial area delayed until this week the jambalaya cookout planned for the new Neighbors members.
“We’re glad we could finally hold the cookout,” said Brett Reynolds, vice president-marketing at 56,000-member Neighbors, which now has nine branches including the St. Gabriel facility.
The GEA had sought out Neighbors as a merger partner last year after deciding that a larger parent would fit economic times. The new branch will be serving an employee base from a diverse group of firms including PCS Nitrogen, Honeywell and Williams-Olefins.
“We have no other mergers in the planning stages but we are always on the lookout for opportunities,” said Reynolds.