PORT ALLEGANY, Penn.–P.C. FCU here said it is working to expand its field of membership in response to the planned closure of the Pittsburgh Corning Corp. plant that is its primary sponsor. The goal is to have the charter expanded by year-end.
Pittsburgh Corning Corp. announced earlier this month that it plans to close a glass block facility that employs approximately 80 people. The credit union has 1,600 members, 38 of whom will be directly affected by the company’s plans. The company cited a weak housing market in making the decision, although home sales nationally have been robust.
“While the plant closure will not have a significant financial impact on the CU, it will affect some of our members and we want them to know that P.C. FCU stands ready to help them through this difficult and challenging time in whatever way we can,” CEO-Treasurer Audrey Lane told local media.
One of those efforts includes providing financial counseling. The credit union will meet with Pittsburgh Corning Corp. employees this week and is offering assistance.
P.C. FCU has $10 million in assets.