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PenFed sign at its headquarters in Tysons Corner, Va. PenFed sign at its headquarters in Tysons Corner, Va. (Source: Shutterstock)

Pentagon Federal Credit Union will expand to Long Island by acquiring Sperry Associates Federal Credit Union, whose CEO had, as recently as July, written about the continuing viability of medium-sized credit unions.

Sperry ($265.4 million in assets, 16,303 members as of Sept. 30) announced Monday that its members had approved the merger in September. Its website said the merger will be complete Dec. 1, and its phone message said Tuesday that “eligible members” should have already received their $350 “member merger dividend.”

Jim DuPlessis

A journalist for decades.

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