WASHINGTON–Two credit unions in the District of Columbia have announced a merger.
The $16-million Georgetown FCU said its board has voted to merge into the $258.3-milliomn PAHO/WHO FCU effective July 1, 2021.
“We are excited to welcome the members of Georgetown Federal Credit Union to the PAHO/WHO FCU family,” said Miguel Boluda, Jr., CEO, PAHO/WHO FCU. “Our credit unions share similar beliefs which include a deep commitment to providing value, education and financial options to all members. We look forward to serving the Georgetown University faculty and staff, the employees of MedStar Georgetown University Hospital and the MedStar Health Faculty Practice Group and Community Practice Network continuing our long tradition of providing financial products for the members of the global health community.”
Georgetown FCU has approximately 1,500 members. It is a separate entity from Georgetown University Alumni and student FCU.
“Today’s ever-changing economic conditions and the need to keep up with innovations as well as our commitment to offering the best financial products and services to our members prompted this decision,” said Michael Ray, CEO of Georgetown FCU. “By joining with PAHO/WHO FCU, our members will not only be part of a credit union that shares our member focus and beliefs, but they will have access to even more value in the years ahead.”
PAHO/WHO Federal Credit Union has more than 5,900 members and serves members the Pan-American Health Organization and the World Health Organization.