WILLIAMSPORT, Penn.–Two Pennsylvania credit unions have announced plans to merge. Members of the $3.7-million Financial 1st FCU here have voted in favor of merging into the $83-million Horizon FCU.
Financial 1st ceased operations on April 28 and its 1,100 members were automatically transferred to accounts with Horizon effective May 1.
As a result of the merger, Horizon FCU said its membership increased to more than 13,000. Horizon will continue operations of the in-school branch at Williamsport High School, which was previously run by Financial 1st.
“We are excited to welcome Financial 1st members into the Horizon family” said Horizon CEO Justin Howard. “We have maintained a great relationship with Financial 1st , including partnering together to conduct financial reality fairs. As a result of this merger, Financial 1st members will be afforded more banking products and services with lesser fees. We are looking forward to working with the students at Williamsport High School and increasing opportunities for financial literacy awareness.”
The credit union said the merger will provide Financial 1st members with access to enhanced banking products and services including high-interest and rewards-based checking accounts, certificates, online bill pay, mobile banking with mobile deposits, an expanded branch and ATM network, and more.
All Financial 1st employees are being retained.