The 2,700 members of Sentry FCU will become members of the $700 million Franklin Mint FCU of Broomall, Pa., later this year.
A merger with the 70,000-member FMFCU was approved Wednesday during a member meeting at Sentry’s branch in Brookhaven, Pa., that followed a vote by mail, FMFCU said.
Absorbing the $21 million Sentry FCU will result in a combined organization with 33 locations and more than $720 million in assets. The merger, the larger credit union’s second in about a year, is expected to be completed during the fourth quarter.
“We look forward to serving the financial needs of our new members while expanding our branch network to include the Brookhaven location,” said John Unangst, FMFCU president/CEO. “All members will continue to receive the same high level of service they have been accustomed to at Sentry.”
FMFCU’s chief retail officer, John Powers, said, “The Brookhaven branch enhances FMFCU’s presence along the 352 corridor and will provide convenient, six-day-a-week access to all members living in or working around this area.”
FMFCU currently serves Crozer-Keystone Health System employees and their families along with numerous other organizations and communities.
Sentry FCU was created in 1969 for Scott Paper employees and since 1998 its membership has been open to anyone who lives or works in Delaware County.