HONOLULU–Mergers have been announced in Hawaii and Louisiana.
In the islands, Leahi FCU here said it is merging into the $607-million $607 million University of Hawai`i FCU.
“We explored many options and a partnership with the University of Hawai`i Federal Credit Union was the best strategic decision for us, and also a great opportunity for our members,” said Penny Ennor, Leahi FCU board chair. “Both Leahi and UHFCU have a long and storied tradition of providing exceptional personalized service to our members and throughout the local community.”
“We are excited to welcome all Leahi FCU members to the UHFCU family. Combining the strengths of both credit unions benefits and enhances the level of service for both membership groups,” said UHFCU President and CEO Jeanine Morse. “We will provide Leahi FCU members with access to state-of-the-art technology services and a wide selection of products and services. In addition, our existing members will gain the added convenience of access to Leahi FCU’s branch, which is located next to the Kapi`olani Community College campus. It’s a win-win for both of our organizations and the members we serve.”
Separately, in Alexandria, La., Pelican State Credit Union is absorbing the tiny East Feliciana Teachers FCU in a merger. The $265,490 EFTFCU had fewer than 400 members.
“East Feliciana Teachers FCU sought mergers from larger credit unions in the area in order to provide enhanced services to their members,” Pelican State said in a statement. “The credit union chose Pelican due to its long-time commitment to providing free financial education to East Feliciana Parish schools.”
“Pelican is honored to provide all 398 members of East Feliciana Teachers FCU with access to our 12 branches, as well as products and services that were previously unavailable to them, such as free checking accounts, free credit counseling and online banking,” said Pelican State CU CEO Jeffrey K. Conrad.
The $310-million Pelican Stater CU has 44,628 members.