New York credit union takes cue from Groupon for a new program that encourages members to use their credit union debit and credit cards.
For Frank Berrish, president/CEO of the $2.6 billion Visions Federal Credit Union in Endicott, N.Y., the end of November is turning into a barn burner – $10 million in Black Friday loans and completion of two mergers on the same day.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
Nov. 1 conclusion eyed for New York credit union's takeover of troubled New Jersey counterpart.
Combined CU will have about $3 billion in assets, 166,000 members in New York, New Jersey and Pennsylvania.
NAFCU Chairman Michael Lussier and board members Frank Berrish and Randy Smith joined by Jeanne Kucey of JetStream FCU.