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Youngstown City Schools Credit Union merges with 7 17

WARREN, OHIO (December 1, 2023) — 7 17 Credit Union welcomes more than 1,100 Youngstown City Schools Credit Union (YCSCU) members to the 7 17 Credit Union family after a successful merger.  They join nearly 100,000 individuals in the Youngstown and greater Mahoning Valley community that are already members of 7 17.

YCSCU, like many smaller credit unions and banks, found operating in a competitive marketplace increasingly challenging due to the cost and complexity of technology and regulatory compliance. Their credit union’s board of directors decided to seek a strong merger partner in order to best serve members long term.  They found that in 7 17 Credit Union – from an unwavering commitment to member respect since 1957, to an expanded offering of financial services and products.

7 17 CEO and President John Demmler shares his enthusiasm for the merger, saying, “We are excited to officially welcome the members of YCSCU.  This partnership is powered by our mutual desire to offer expanded service to our members and a heartfelt commitment to financial inclusion. This merger reaffirms our commitment to Youngstown and to the education community.  It is another big step as 7 17 continues to deepen its ties to the Youngstown area.”

All YCSCU members will now have access to expanded products and services, the latest digital banking technology, and premier member service at 13 branch locations; including a call center, a top-rated mobile app, and more than 30 ATMs and PTMs. Given 7 17’s current branch network and the limited access to the YCSCU office inside the Youngstown Early College High School, that office will be closed as of November 30, 2023.

The merger was finalized December 1, 2023 with approval of the Ohio Department of Financial Institutions and the National Credit Union Administration. With the completion of the merger, 7 17 has a total of nearly120,000 members and $1.6 billion in assets.


About 7 17 Credit Union

7 1 7 Credit Union is the largest credit union in Northeast Ohio with 1 3 branch locations and $1 .6 billion in assets. Established in 1 957, we're proud to help people improve their lives financially and support the communities we serve. Anyone living or working in Trumbull, Mahoning, Columbiana, Portage, Stark, or Summit Counties is eligible to open accounts with 7 1 7 Credit Union. To learn more about 7 1 7, our services, and how to join, visit www.717cu.com. Follow us on Facebook, X, and Linked ln.

Contacts

Eric Lanham
Senior Vice President, Marketing
7 17 Credit Union
330.372.8076

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