Baton Rouge, LA.
Campus Federal Credit Union announced that its proposed merger with ALEC Federal Credit Union has received official approval from ALEC members. The merger will become effective July 1, with the combined institution operating under the Campus Federal Credit Union name.
The Baton Rouge, La.-based Campus Federal currently serves over 43,000 members and holds more than $893.9 million in assets. With the integration of ALEC, the credit union’s membership will grow to nearly 44,000, with total assets surpassing $900 million.
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“We are thrilled to announce that ALEC members have overwhelmingly approved the merger, bringing us one step closer to expanding opportunities and delivering even greater value to our members,” Jane Verret, president/CEO of Campus Federal, said.
ALEC’s branch operations will transition to Campus Federal’s Siegen Branch, Mortgage & Business Center, just over a mile away. Members will benefit from extended drive-thru hours and modern banking tools, including Campus Connect interactive teller machines.
The merger promises no disruption in services for ALEC members, who will continue using their existing accounts and digital platforms during the transition. Members will also gain access to Campus Federal’s statewide network of 11 branches and its nationwide shared branching network.
Importantly, all ALEC employees will be retained, ensuring job security and continuity in member service.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
