LITTLE ROCK, Ark.–Members of Arkansas Democrat-Gazette FCU have voted in favor of merging into Jacksonville, Ark.-based Arkansas FCU. The $2.8-million ADGFCU has approximately 670 members.
“We are thrilled to be able to make a difference in the lives of more Arkansans by expanding our full suite of products and services to the members of Arkansas Democrat-Gazette FCU," AFCU President and CEO Rodney Showmar said. "Arkansas Federal is known for providing extremely competitive loan rates, high deposit rates and friendly, professional service. And we look forward to serving our new members, which will provide them with more options for managing their finances both in-branch and online."
Arkansas Democrat-Gazette FCU was established to serve the employees of the Arkansas Democrat newspaper in 1936; it moved to a federal charter in 1992. Since then, its membership has grown to include all Wehco Media newspaper, cable and digital services companies in Arkansas.
"Once approved, our members will be able to enjoy a one-stop shop for all of their financial needs combined with local, knowledgeable and friendly staff plus the convenient digital management tools such as mobile banking consumers expect," said Kathi Wieneke, chairman of the Democrat-Gazette FCU. "We look forward to working with the team at Arkansas Federal to make this a successful and seamless transition for everyone involved."
The $1.2-billion Arkansas FCU has more than 108,000 members.