Columbia-Greene Federal Credit Union members approve merger with Sunmark Credit Union
LATHAM, NY (October 29, 2020) — In the second merger announcement in two days, Sunmark Credit Union announced today that it has received approval from the membership of Columbia-Greene Federal Credit Union to merge with Sunmark Credit Union. Additionally, Columbia-Greene members approved the conversion from a federally-chartered credit union to a state-chartered one. The $36 million-asset Columbia-Greene FCU, located in Hudson, NY serves 5,000 members.
“As the recent vote shows, our members value having a partner that will offer them enhanced financial products and services,” said Victoria Marrone Ph.D., CEO of Columbia-Greene Federal Credit union “We look forward to this exciting next chapter in our institution’s history, and appreciate all of our members who cast their vote.”
“I am delighted to welcome Columbia-Greene FCU members and employees to Sunmark,” said Sunmark Credit Union CEO Frank DeGraw. “We are excited to offer more financial services that resonate with Columbia-Greene FCU members, helping them master their money and reach their aspirations.” DeGraw added, “We are truly committed to helping all Sunmark members enjoy a better financial future, today.”
Columbia-Greene FCU locations in Hudson and Coxsackie will remain open as Sunmark Credit Union once merged. The merger is expected to be completed on November 30, 2020.
About Sunmark Credit Union
Since 1937, Sunmark Credit Union ($975 million in assets; 80,000+ members) has been helping members improve their financial position. Sunmark is committed to the financial health and well-being of each member by offering tools that educate and inform and products and services that make it easier to reach financial goals. For more information, call 518-382-0605 or visit www.sunmark.org.