ERIE – Erie Federal Credit Union (Erie FCU) and Erie Times Federal Credit Union (Erie Times FCU), both headquartered in Erie, Pennsylvania, recently announced that the two organizations will merge effective January 1, 2022.
Erie Times FCU members and its Board of Directors recently voted to approve the merger. The response was overwhelmingly positive. The merger also has been approved by the National Credit Union Association (NCUA) and supported by Erie FCU’s Board of Directors and management. Erie FCU will be the continuing credit union. Erie Times FCU members will have full access to Erie FCU’s diverse products, services and branch locations beginning January 1, 2022.
Erie Times FCU was organized in 1935 and is the oldest federal credit union in the Erie County area. The merger will expand Erie FCU’s presence in Northwest Pennsylvania, as well as offer Erie Times FCU members additional financial solutions. There will be no layoffs as a result of the merger, but the current Erie Times FCU branch will close.
“We’re excited that the members of Erie Times FCU voted in favor of this merger,and on behalf of the Erie FCU Board of Directors and management, we would like to thank theErie Times FCU Board and staff for their leadership and dedication to the credit union movement over the past 86 years,” said Brian Waugaman, CEO of Erie FCU. “We look forward to serving our newest Erie Times FCU members for many years to come, while providing many additional benefits, technology and locations to assist in providing for their financial well-being.”
Erie FCU has nine area branch locations with total assets over $717 million and membership exceeding 67,000. To learn more about Erie FCU’s products and services, visit eriefcu.org.