Chris Conway

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  Educational Systems FCU Opens New Branch in Prince Frederick

  By Marc Rapport  |  October 9, 2012

  Maryland credit union continues expansion after merger with Montgomery County Teachers FCU.

• Merger Fee Is Rescinded by Maryland Credit Union

  By Jim Rubenstein  |  August 20, 2012

  In a change of heart, Maryland’s $388 million Educational Systems Federal Credit Union is putting to rest the idea of a merger conversion fee to help defray expenses in its takeover of the once-ailing $401 million Montgomery County Teachers FCU of Derwood, Md.

• Maryland Credit Union Changes Mind on $35 Merger Fee

  By Jim Rubenstein  |  August 15, 2012

  Educational Systems FCU CEO says new members can instead make up for merger costs by increasing use of services.

• ESFCU CEO Says $35 Merger Fee Justified

  By Jim Rubenstein  |  August 10, 2012

  Educational Systems CEO said fee in a merger deal may be breaking new ground but that it’s only fair to his existing members.

• Educational Systems Charging MCT Members $35 Merger Fee

  By Jim Rubenstein  |  August 10, 2012

  Merger partner says fee would raise $2 million to pay for loan losses and restore merged Maryland credit unions' financial health.

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  NCUA Merger Policy Questions Arise Again

  By Jim Rubenstein  |  June 18, 2012

  Despite recent activity, the NCUA has said it is not in the business of pushing mergers in 2012. According to an agency spokesman, there is “an upsurge in mergers this year which is likely due to the ability of continuing credit unions to assume the responsibilities associated with mergers as...

• Despite NCUA Order, Educational Systems-Montgomery County Teachers Merger Still Proceeding

  By Heather Anderson  |  May 23, 2012

  Tuesday order did not catch merger partner unaware, Educational Systems president/CEO says.

• NCUA Issues Cease & Desist Against Montgomery County Teachers FCU

  By Heather Anderson  |  May 22, 2012

  Maryland credit union in process of merging with Educational Systems FCU.

• No FOM Overlap Worries Stemming from Maryland Merger, Expansion

  By Jim Rubenstein  |  May 17, 2012

  Credit unions' cooperative nature demonstrated in lack of hard feelings in merger and field of membership expansion overlap.

• Maryland Merger Bid Finalized ‘In Last Week,’ Says CEO

  By Jim Rubenstein  |  April 13, 2012

  Educational Systems and Montgomery County Teachers similar in size, have long geographic, people ties.