GLENDALE, Calif.– Fiscal Credit Union announced that it plans to merge into UNIFY Financial Federal Credit Union—which is currently transitioning from its former name, Western Federal Credit Union.
The $141-million Fiscal CU cited expanded branch access, including 50 branches nationwide, as well as other services as reasons for the merger. Fiscal said its two branches, in Glendale and Montebello, Calif., will remain open, and all staff will remain with UNIFY.
“This partnership is an important next step in Fiscal’s long-term strategic growth and service plan to expand our offerings and enhance the value we provide to members,” said Stephanie Huber, CEO of Fiscal Credit Union. “While we are financially strong and growing today, partnering with a well-capitalized credit union that shares our values, vision, and commitment to delivering personalized service we believe will best serve the needs of our members, today and for many years to come.”
UNIFY CEO Gordon Howe added, “This merger is an excellent strategic opportunity for both credit unions. Our combined organization will have greater strength and competitive advantage moving forward. We are excited to serve Fiscal members, and look forward to becoming even more active in the greater Los Angeles communities as we broaden our Southern California network. We have great respect for the entire Fiscal team, and look forward to working with them through the merger process and beyond.”
Unify Financial has $2.3 billion in assets and more than 190,000 members with offices in 13 states.