Philadelphia Merger in the Works
Philadelphia Federal Credit Union and New Bethel A.M.E. Federal Credit Union have officially announced plans to merge.
The over $95,000 associational, faith-based credit union will merge into the more than $817 million PFCU, which will be the continuing credit union.
“The boards of directors from both organizations mutually agreed to pursue this opportunity with the common goal of creating one financial institution benefitting both memberships in terms of providing better rates, increased accessibility and enhanced products and services, said James M. McAneney, president/CEO of PFCU.
New Bethel A.M.E. FCU members will now have access to additional branches and services ranging from online banking and full-service ATMs, to extended hours on Saturday.