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.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
