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News Now

CU System
CU evolves from airline through merger
MOON TOWNSHIP, Pa. (2/18/08)--The 3,300 members of the former Hopewell CU are experiencing enhanced benefits since the Jan. 31 merger with 75,000-member Clearview FCU. Members of the $614.5 million asset, Moon Township, Pa.-based Clearview have automatic teller machine cards, direct deposits and Web-based bill payments--services that were not available at Hopewell (Pittsburgh Post-Gazette Feb. 14). The genesis of Clearview dates back to 1953, when it started up as Allegheny Airlines FCU with 1,390 members and assets of $826, 541. Airline industry fluctuations and changes in federal credit union regulations have led to changes in the credit union’s name and mission. For 12 years after its inception, the credit union operated out of National Airport in Washington, D.C., before relocating to Pittsburgh where the majority of the airline employees had always been based. Since the mid 1960s, the credit union has expanded, contracted and expanded again. Clearview has had six mergers since its inception, counting the recent Hopewell merger. It has evolved from a one-branch counter business to a full-service lender with eight branches, including two that opened in the past two months.


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