BLOOMFIELD, N.J.–After a 43-year run, the season is over for NBC(NY) Employees Federal Credit Union. The $32-mmillion NBCEFCU said its members have voted in
favor of merging into XCEL FCU in New Jersey.
“We are committed to continue the rich tradition of member service which has been a hallmark of NBC(NY) EFCU,” stated Arlene Bernard, president/CEO of XCEL FCU. “This merger will benefit the members of NBC(NY) EFCU by joining forces with a credit union that innovates member-centric technologies to provide exemplary member service.”
The merger is slated to be completed on April 1. The combined credit union will have approximately 18,000 members and just over $200 million in assets.
All employees of NBC(NY) EFCU will remain with the credit union. Charles Young, former CEO of NBC(NY) EFCU will serve as XCEL’s vice president and chief operating officer.