Law Enforcement & Technology Federal Credit Union and Justice Federal Credit Union announce their intent to merge
CHANTILLY, VA (April 5, 2024) — Justice Federal Credit Union, (Justice Federal) and Law Enforcement and Technology Federal Credit Union (LE&T FCU) are excited to announce their intent to merge contingent upon member vote. Once approved, Justice Federal would serve more than 68,000 members, with twenty branches across the nation, and over $1B in assets.
Mark Robnett, President/CEO Justice Federal stated, “When we first spoke with James Angleton, President/CEO LE&T FCU, we shared our visions for our respective credit unions, and realizing the synergies, it was a natural extension for our two credit unions to unite as one and form a partnership.” LE&T FCU provides us with an added presence in Miami to help new and prospective members and their families achieve financial wellness,” said Robnett. Justice Federal currently has a branch within the FBI Miami Division Headquarters in Miramar, Florida.
James Angleton, Jr., President/CEO LE&T FCU agrees, “by combining forces with Justice Federal, LE&T FCU members will benefit from additional financial resources, human capital, and an expanded national platform for existing and potential members.” Angleton adds, “given the demands of increased regulation and technology investments these additional resources will ultimately result in greater economies of scale which is a good thing.”
Both credit unions have a long history of serving the justice and law enforcement community. Justice Federal was founded in 1935, and LE&T FCU in 1936, during the Great Depression era, when their Founders pooled their financial resources to provide small loans to members in need. Today, with over 177 years of service collectively, they continue to uphold the credit union philosophy of “People Helping People” by providing financial products and services to members in need.
As member-owned cooperatives, and under the guidelines of the National Credit Union Administration, a successful merger is contingent upon a member vote. Once approved, LE&T FCU’s members, employees, and branch will become part of Justice Federal.
As the merger process moves forward, both credit unions will provide information to their respective memberships via the Justice Federal website at jfcu.org, as well as other relevant communication channels.
About Justice Federal Credit Union
Justice Federal Credit Union serves nearly 63,000 members, with assets over $953M, and is headquartered in Chantilly, Virginia. The member owned, financial cooperative provides financial services nationwide exclusively to employees of the Department of Justice, the Department of Homeland Security, the Georgia Department of Public Safety, law enforcement communities, their family members, related associations, and contractors. Locations include Los Angeles California, Miami Florida, Atlanta and Forsyth Georgia, Chicago Illinois, New York, Houston and Dallas/Ft. Worth Texas, Virginia, West Virginia, and Washington, D.C. For additional information, visit www.jfcu.org.
About Law Enforcement & Technology Federal Credit Union
Law Enforcement and Technology Federal Credit Union is a financial cooperative located in Miami FL, with over $54M in assets, and more than 4,900 members, offering a variety of financial products and services.
