The $968 million Point Breeze Credit Union may become Maryland’s next billion-dollar financial cooperative if members of the $43 million Central Credit Union of Maryland and regulators approve a proposed consolidation agreement.
The credit unions announced the planned merger last week.
If approved, the combined organization’s 130 employees would manage $1 billion in assets, $688 million in loans, $869 million in shares and deposits, and eight locations serving more than 71,000 members.
“This merger is about creating more value and convenience for members,” Point Breeze President/CEO Tonia Niedzialkowski said. “Together, we can offer more locations, better rates and enhanced digital tools – all while maintaining the friendly, personalized service that makes banking less complicated.”
Point Breeze in Hunt Valley was chartered in 1935 to serve more than 400 employees at Western Electric Company’s Baltimore Works. The credit union’s name derived from the area where Western Electric was located, known as Point Breeze.
“We’re excited about the future and what this partnership means for our members,” Central Credit Union of Maryland President/CEO Lisa Jester said. “This is a win-win that positions us to grow together.”
Chartered in 1950, Central Credit Union of Maryland in Baltimore serves VA Maryland Health Care System’s employees and their families.
The proposed consolidation is expected to be completed in early 2026.
Peter Strozniak can be reached at pstrozniak@cutimes.com.
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