Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Peninsula Methodist FCU to merge with Dover FCU


DOVER, Del. (10/26/11)--Dover (Del.) FCU announced that, effective Oct. 1, it has completed incorporation of Peninsula Methodist FCU, Crisfield, Md., into its membership and operations.

Peninsula Methodist FCU, a $198,000 asset faith-based credit union serving 155 ministers and employees of Methodist churches located in Delaware and the Eastern Shore of Maryland, had no full-time employees or branch locations. Peninsula offered loans and savings accounts to its members.

The merger with $330 million asset Dover FCU expands the services available to former Peninsula members who will now have access to more financial products, including Dover FCU's low-rate loans and no-fee checking accounts with no minimum balance restrictions.

Peninsula savings accounts have been automatically converted to basic share savings accounts at Dover FCU.

David Clendaniel, CEO of Dover FCU, said that the credit union was looking forward to welcoming its new members. "Dover Federal draws its strength from its membership and gives back to its members in the form of low-cost financial services and great member service," he said. "We welcome all our new members from Peninsula Methodist FCU."


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
17 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
18 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
20 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
20 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
20 hours ago