WILLIAMSPORT, Penn.–Members of a New Jersey-based credit union’s single branch in Pennsylvania are now closer to belonging to Members 1st FCU, after the final approval for sale of the branch was received following a vote by members.
As a result, the branch of the $452.4-million First Harvest Credit Union, which is headquartered several hours away in Deptford, N.J., will soon become members of the Pennsylvania-based, $7.4-billion Members 1st.
CUToday.info first reported on the transaction here.
‘Overwhelming Support’
“We are thrilled with the overwhelming support that has allowed us to take this important step forward. The approval of the spin-off reinforces our promise to deliver support, resources and unparalleled service to the Williamsport community,” Mike Wilson, president & CEO of Members 1st, said in a statement. “We look forward to welcoming our new members, associates and local businesses into the Members 1st family, where they will benefit from our comprehensive range of products, innovative technologies and a firm commitment to their financial well-being.”
Discussions between the two credit unions have been taking place since October of 2023, and an application for the transaction was submitted to NCUA in November of 2023.
‘Flourish in Partnership’
“Our Williamsport-based membership and staff will flourish in their new partnership with Members 1st,” Mike Dinneen, First Harvest president and CEO, said in a statement. “As a Southern New Jersey-based credit union, we believe in local engagement, decision-making and member support. By partnering with Members 1st, our Williamsport colleagues and membership will now enjoy the level of local engagement and leadership that they deserve.”
Members 1st has nearly 60 Pennsylvania branches and more than 573,000 members.
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