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SEFCU, CAP COM announce plans to merge

SEFCU, CAP COM announce plans to merge | The Daily Gazette
SECTIONS
July 29, 2021
This September 2020 photo shows a SEFCU credit union on Clinton Avenue in the Arbor Hill neighborhood of Albany. (Photo provided by Tyler A. McNeil/WikiMedia Commons)
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ALBANY Two large Capital Region credit unions have decided to merge.
SEFCU and CAP COM announced their plan Thursday, about six months after beginning discussions. Following due diligence by the two partners, if state and federal regulatory approval is granted and members vote in favor, the merger would likely be completed in 2022.
The organizations said no layoffs will result from the merger. They also said the location of the more than 60 branches operated by the two credit unions would be reviewed, suggesting that some existing branches could be closed or relocated and some new branches could be added. ....

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Large credit unions join forces as competitive pressures mount

Large credit unions join forces as competitive pressures mount
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Transit Employees Federal Credit Union Review: Minority-Led, Good Rates

You might like TEFCU if you .
You might not like TEFCU if you .
Live in Alexandria, VA, or Washington, DC
Qualify for membership by working at a transit-related company in Alexandria or DC
Want to bank with a minority-led credit union
Want to earn high interest rates
Would like a cash-back checking account
Don t qualify to open a checking account at other institutions
Don t live in Alexandria, VA, or Washington, DC
Don t work with a company that qualifies you for membership
The bottom line: Transit Employees Federal Credit Union pays higher interest rates than most brick-and-mortar institutions, so it s a good option if you live in DC or Alexandria, VA. But membership is limited to employees of certain businesses. ....

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Allegent FCU Acquires Riverset Credit Union, Pittsburgh, Pennsylvania

Press release content from Business Wire. The AP news staff was not involved in its creation.
Allegent FCU Acquires Riverset Credit Union, Pittsburgh, Pennsylvania
February 2, 2021 GMT
PITTSBURGH (BUSINESS WIRE) Feb 2, 2021
The acquisition of Riverset Credit Union establishes Allegent Community Federal Credit Union (Allegent FCU) as one of the largest and most prominent credit unions in western Pennsylvania. The combination of these two local, vibrant, and financially stable credit unions has expanded Allegent FCU’s footprint in Pittsburgh. This allows increased resources, products, reach, growth, and services to its members and the communities it serves.
Allegent FCU CEO, Angelo Lucatorto, states, “We are a responsible member-driven community service organization and an integral part of the credit union industry, with deep, financially-sound, responsible roots. The acquisition of Riverset Credit Union allows us to further our reach in the community and ex ....

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