SAN ANTONIO–Two Texas credit unions have merged. The $408-million Air Force FCU and the $7.6-million Local 142 FCU said they have received regulatory approval from NCUA and are now operating as one.
AFFCU President/CEO Robert A. Glenn is the CEO of the merged institution.
“We are honored that the board of directors and members of Local 142 were unanimous in their approval to become our partner,” said Glenn. “AFFCU welcomes its members and looks forward to serving them in the future.”
The merger broadens AFFCU’s branch network to seven locations in and around San Antonio. New Local 142 FCU members will also have access to those branches, as well as the shared branching network with over 5,000 locations and the CO-OP ATM network with nearly 30,000 ATMs worldwide.
AFFCU said it will absorb all Local 142 staff and its lone branch at 501 Quincy Street in San Antonio. Local 142 FCU serves the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry, San Antonio Building and Construction Trade Council, United Steel Workers, Amalgamated Clothing and Textile Works Union, Service Employees International Union and other local union workers.