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News Now

CU System
Two Baltimore CUs to merge
BALTIMORE (7/23/12)--Mercy Health Services Employees FCU in Baltimore is poised to merge into MECU of Baltimore.

The $2.7 million asset Mercy Health Services with its nearly 1,000 members would be absorbed by the $1.2 billion asset MECU of Baltimore, which has 99,464 members (Baltimore Business Journal July 20).

Members of both credit unions must approve the merger, which would be at least the sixth merger among Baltimore-area credit unions announced or completed in the past 18 months, the Journal said.

MECU has eight branches in Baltimore and Baltimore County. Mercy has a single branch inside a building at Mercy Medical Center's downtown Baltimore campus.

Mercy members will vote Wednesday on the merger at a meeting. MECU members have until Aug. 9 to vote. The merger is expected to be finalized by the end of the year, the Journal said.


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