Securityplus Federal Credit Union announces merger approval by FIAFE Federal Credit Union
BALTIMORE, MD (November 23, 2021) — Securityplus Federal Credit Union, headquartered in Baltimore, Maryland has announced that members of Friendship International Airport Federal Employees (FIAFE) Federal Credit Union voted unanimously to merge with Securityplus on November 19, 2021.
FIAFE, has assets totaling $5.92 million and approximately 390 members. It’s Board of Directors sought a merger partner with a larger credit union which could offer its members additional banking services and products including online and mobile banking, access to a nationally based network of ATMs, free checking, home mortgages and more.
“We are excited to welcome our new members from FIAFE,” stated interim Chief Executive Officer and Chief Information Officer Mike Keener, “and pleased that we can offer them new service technologies and product offerings to better serve them.” With the merger vote, FIAFE has closed its sole branch location at BWI Thurgood Marshall Airport.
About Securityplus Federal Credit Union
Securityplus Federal Credit Union is a $535+ million not-for-profit, member-owned, financial institution serving the Greater Baltimore Area and beyond. Founded in 1938, Securityplus is one of the largest full-service credit unions in Maryland, with over 34,000 members. With a focus on making a positive difference, Securityplus is a leader in digital banking, offering 24/7 access to inclusive easy-to-use banking products and services for consumers, families, businesses and non-profits. For more information, visit securityplusfcu.org.