Air Line Pilots Association changes course and merges into Connexus Credit Union
by: Michael Bartlett
The members of $175 million Air Line Pilots Association FCU, voted to merge into $1 billion Connexus Credit Union, here, the two CUs announced Monday.
The merger, which created an institution with more than $1.2 billion in assets and 179,000 members, was effective July 8.
Both CUs have national charters, serving all 50 U.S. states. They said the combination was a “strategic merger” that joined two credit unions with “very similar philosophies and values.”
“The merged credit union will offer its 179,000-plus members a stronger member experience by bringing together best practices of both credit unions, including optimizing and expanding member convenience through online services, call center, branch and ATM locations, as well as diversification of product and service offerings,” the CUs said in a statement.continue reading »