DAYTON, Ohio–Two Ohio CUs have announced plans to merge.
Standard Register FCU said it plans to merge into Pathways Financial CU, pending the outcome of a vote by its membership.
In the FAQs it provided to its members in proposing the merger, the $37-million Standard Register FCU said, “We are proposing this merger to bring significant new benefits to our members. Partnering with one of the most successful and fastest growing credit unions in Ohio will deliver many more products and services to members, expand our geographic presence, open-up access to a complete digital member experience, and provide additional growth opportunities – all with the same personalized service we’ve always offered.”
The merger would expand branch access from one facility to 13 branches, the CU added.
A special member meeting is scheduled for Aug. 5 at SRFCU’s office.
Standard Register FCU, which has approximately 3,600 members, was founded in 1936 to serve employees of the company of the same name. That company is now called Taylor Communications.
The $410-million Pathways Financial CU has approximately 38,500 members.