GLASS CITY FEDERAL CREDIT UNION ANNOUNCES COMPLETION OF MERGER WITH ESCU FEDERAL CREDIT UNION
Glass City Federal Credit Union is pleased to announce the completion of its merger with Holland, Ohio-based ESCU Federal Credit Union (FCU). The membership of ESCU FCU was given the opportunity to vote on the proposed merger by absentee ballot and at a special membership meeting. Based on the favorable results of this vote, the merger was passed by the ESCU FCU membership.
Effective Monday, July 3, 2017, ESCU FCU was officially merged into Glass City Federal Credit Union. All ESCU FCU assets and liabilities have been transferred to Glass City Federal, and the nearly 800 ESCU FCU members have become members of Glass City Federal.
While both credit unions are financially sound with a strong capital base, Glass City Federal’s field of membership and full array of accounts and services provides even greater efficiencies for the new ESCU FCU members. Glass City Federal has assets of over $200 million and over 25,000 members. Glass City Federal continues to operate five northwest Ohio branch locations, with the main office at 1340 Arrowhead Drive in Maumee; three branch locations in Toledo at 5642 Secor Road, 1353 Gage Road at Alexis Road, and 1666 East Broadway Street; and in Bowling Green at 1275 North Main Street.
Glass City Federal President and CEO Mark Slates states, “We are pleased to welcome ESCU FCU members into the Glass City Federal family.” He adds, “We look forward to providing our extensive member benefits to these new members and their families.”