Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Two Maryland educational CUs to merge
ROCKVILLE/GREENBELT, Md. (4/16/12)--Montgomery County Teachers (MCT) FCU, Derwood, Md., has signed a letter of intent to join Educational Systems FCU, Greenbelt, Md.

The merger would create a combined credit union of nearly $750 million in assets and serve more than 95,000 members to establish one of the largest education-based credit unions in the region, serving educators, students and their families in six Maryland Counties.

"We have found a partner who truly shares a similar history, membership, and mission to help the members of the education community achieve their financial goals and dreams," said Tom Hickman, chairman of MCT FCU with $384 million in assets.

"We welcome the members, volunteers and staff of MCT FCU to our organization," said Rosemary Brinkley, chairman of Educational Systems FCU, with $367 million in assets. "Together, we hope to create the premier financial services provider for the education community."


RSS print
News Now LiveWire
.@TheNCUA's Larry Fazio: W/ 1/3 of CUs having less than $10M in assets and 2/3 of CUs having less than $50M in assets...(1of2)
49 seconds ago
Sen. Crapo: "There is bipartisan support for creating a regulatory environment where small financial institutions can thrive."
23 minutes ago
PCUA, Pittsburgh FHLB pursue cooperative benefits, Part 2 #NewsNow http://t.co/pvgLJKwqU3
30 minutes ago
.@SenateBanking hearing on small fin. institutions, featuring @CUNA and @TheNCUA testimony, will begin at 10 am http://t.co/6vNSR6e0UY
35 minutes ago
.@Filene's survey of 'every day people:' Unsettled by economic 'recovery,' income inequality See #NewsNow http://t.co/2PMVWaycm3
53 minutes ago