Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Pa. N.Y. CUs announce merger plans
CORNING, N.Y. (12/9/11)--American Community FCU, with $6 million assets, Chambersburg, Pa. and $896 million asset Corning CU (CCU), headquartered in Corning, N.Y., will be merge on Jan. 1.

Corning CU will be the continuing credit union, the credit unions announced. They have collaborated the past several months, during which time American Community has also been without a CEO.

American Community members will gain increased product and service offerings through the merger, while Corning will take over American's branch in Chambersburg.

"While CCU has always been strongly committed to the Greencastle area, this merger will solidify us as a credit union leader in the area and will reinforce our commitment to growing our business in Franklin County," said Gary Grinnell, Corning CU president/CEO. "Our goal now is to make the transition smooth and successful for all American Community FCU members."

Grinnell said service to American FCU members will continue uninterrupted until Corning CU is ready to begin transitioning accounts.


RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
8 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
16 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
18 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
20 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
20 hours ago