The $180 million Service 1st Federal Credit Union of Danville, Pa. is merging the struggling $1.8 million Pennsylvania Grange FCU of Mifflintown effective Oct. 1.
Service 1st explained that Pennsylvania Grange CU approached Service 1st last May because PGCU wanted to offer a broader range of online services and because of "the increasing and overwhelming regulatory burdens faced by small credit unions."
NCUA approval for the merger was granted in July. It was the first merger for the Danville CU since 2003.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
