CHARLOTTE, N.C.–Two North Carolina credit unions are moving forward with a merger that will also lead to a new name.
Members of the $227-million Premier Federal Credit Union (PFCU) have approved a merger with the $740-million Charlotte Metro Credit Union.
The merged credit union will offer expanded products, services and locations to members throughout the Charlotte metro region and defined areas in Kings Mountain, Forest City, Guilford County and Randolph County, North Carolina. The combined membership will be approximately 91,000 will be served by 17 branch locations.
"We are pleased to announce the merger between CMCU and PFCU to create a more expansive and competitive credit union to serve the financial needs of our members with increased accessibility, technology and financial products," said Bob Bruns, president and CEO of Charlotte Metro. "This partnership is an exceptional milestone for our member communities and marks a new phase in the expansion of our personalized and comprehensive financial services."
‘Greater Impact’
Added Lori Thompson, president and CEO of Premier Federal, “Like PFCU, CMCU is dedicated to providing unparalleled, personal service and we are excited to be uniting our operations to better service our members. By merging the people, products, services and operations of our two credit unions, we are able to have an even greater impact on the lives of those we serve."
Once the merger is complete, which is expected in August 2021, the combined credit union will be releasing a new brand name. Bob Bruns will be CEO for the merged credit union, with Eric Gelly, president and Lori Thompson, Chief Operating Officer.