Fiscal Credit Union announces plans to merge with UNIFY Financial Credit Union
GLENDALE, CA (October 18, 2016) — Fiscal Credit Union announced that its Board of Directors is pursuing a merger with UNIFY Financial Federal Credit Union (currently transitioning its name from Western Federal Credit Union).
Through the proposed merger, Fiscal Credit Union members will join UNIFY, the continuing credit union, with access to 18 branches across Southern California and nearly 50 branches nationwide, a 24/7 telephone Contact Center, and the latest banking technologies. Fiscal’s two branches, in Glendale and Montebello, CA will remain open, and all staff will remain with UNIFY.
“This partnership is an important next step in Fiscal’s long-term strategic growth and service plan to expand our offerings and enhance the value we provide to members,” said Stephanie Huber, CEO of Fiscal Credit Union. “While we are financially strong and growing today, partnering with a well-capitalized credit union that shares our values, vision, and commitment to delivering personalized service we believe will best serve the needs of our members, today and for many years to come.”
UNIFY CEO Gordon Howe said, “This merger is an excellent strategic opportunity for both credit unions. Our combined organization will have greater strength and competitive advantage moving forward. We are excited to serve Fiscal members, and look forward to becoming even more active in the greater Los Angeles communities as we broaden our Southern California network. We have great respect for the entire Fiscal team, and look forward to working with them through the merger process and beyond.”
The proposed merger has received regulatory approval, and the credit union is in the process of putting the merger to a Fiscal member vote for final approval.
About Fiscal Credit Union
Founded in 1935, Fiscal Credit Union is a full-service credit union serving the greater Los Angeles area. Headquartered in Glendale, California, the credit union has over $141 million in assets and serves more than 14,000 members through two branches in Glendale and Montebello, California. More information can be found at fiscal.org.
About UNIFY Financial Federal Credit Union
Currently transitioning its name from Western Federal Credit Union, UNIFY Financial Federal Credit Union has over $2.3 billion in assets and more than 190,000 members across the country. UNIFY has nearly 50 branches in 13 states, over 500 team members, and regional offices located in Torrance, California; Bentonville, Arkansas; Las Vegas, Nevada; and Mesa, Arizona. Visit UnifyFCU.com for more information.