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CU System
Citadel expands into Greater Philadelphia
THORNDALE, Pa. (3/27/09)--Citadel FCU is "extremely pleased" that the National Credit Union Administration (NCUA) last week approved the expansion of the Thorndale, Pa.-based credit union's charter into the five-county Greater Philadelphia region. "It has been a long process of continuous dialogue with the NCUA to assure that Citadel has met the very high standards expected for a charter expansion," said Citadel President/CEO Jeff March. Previously, the $1 billion asset Citadel served Chester County. Now it will serve Philadelphia, Montgomery, Delaware, Bucks and Chester counties. "In the past, we have had to turn away countless people from all corners of the Greater Philadelphia region who were unable to meet Citadel's eligibility requirements," said March. At a time when other financial institutions are struggling, Citadel continued to prosper with rates, products and services and member service, he said, adding, "Today, we are eager and excited to open our doors to those people who are no eligible and are searching for a trusted, locally owned financial institution." Citadel is evaluating opening additional offices that are more accessible to the expanded range of members. Meanwhile, members can use online banking, bank by phone and shared branches.


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