SPARKS, Md.—The $1.25-billion First Financial FCU here and $14.1 St. Joseph Medical Center FCU, based in Towson, intend to merge, the Baltimore Sun reported.
St. Joseph’s members approved the merger on March 18, with the legal merger set for April 16 and the final conversion scheduled for June 1, the Sun stated.
“The Board of Directors has concluded that the proposed merger is desirable and in the best interests of members because our shared resources will allow the combined credit union to enhance product and service offerings and member convenience through better technology, more product and loan offerings, and more locations/ATMs,” said Tom Gronert, St. Joseph Medical Center FCU board chair, in a letter to members. “The combined credit union will also bring its strong social responsibility to the communities served by St. Joseph Medical Center Maryland Federal Credit Union through volunteer service, financial education and grants and donations to individuals, families, and the community.”