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Hannaford Associates FCU to merge with Alliance of Maine FCU
SCARBOROUGH, Maine (8/24/10)--Two Maine credit unions--Hannaford Associates FCU, a $31 million asset credit union in Scarborough, and Alliance of Maine FCU, a $30 million asset credit union based in Augusta--plan to merge on Oct. 1 and take on a new name--Trademark FCU. Alliance of Maine members voted in late June in favor of the merger proposal. "Unlike the typical merger, this proposal represents a very rare opportunity to form a true partnership with one of the few remaining organizations solely dedicated to serving employee groups and their families," said Alliance of Maine earlier this summer when it announced the vote results on its website. "Our relationship with our members is the single most important aspect of our business and it's the principle that guides our every decision. We were fortunate to find a group of people who are similarly committed to the same principle," the credit union said. Hannaford serves employees and families of the Hannaford Bros. grocery store chain. Alliance of Maine formerly was Central Maine Power Employees FCU. Trademark FCU's headquarters will be in Augusta, with branches in Scarborough, New Gloucester, and Portland.


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