PHILADELPHIA (7/19/12)--Eagle One FCU and SERVCO FCU celebrated the opening of a joint branch in Philadelphia on Tuesday.
Eagle One FCU CEO John King and SERVCO FCU CEO Joni Brown stand outside their newly opened joint branch office in the Rhawnhurst section of Philadelphia. (Photo provided by Pennsylvania Credit Union Association)
The joint branch is the first branch for $3 million SERVCO FCU, in addition to its main office in Bensalem, Pa. SERVCO originally served employees of the old Gulf Oil Corp., and now serves a varied membership base in the Philadelphia area, according to the Pennsylvania Credit Union Association (Life is a Highway
The branch is the fifth for $45 million Eagle One, which serves postal employees in the Philadelphia District and the communities of Fishtown in Philadelphia and Claymont, Del.
The new branch office has three teller windows and back offices for administrative staff and loan officers. The location in northeast Philadelphia will enable Eagle One to serve the large number of members who live in that area. In return, SERVCO will share the expenses of the office with Eagle One, thereby reducing the burden of operating the branch independently.
"We believe that this partnership will serve as an example for other credit unions to follow," said John F. King, Eagle One FCU CEO. "We have always held true to the idea of People Helping People."
"This is a great day for SERVCO FCU and our members," said Joni Brown, CEO/manager of SERVCO FCU. "Our first branch office will provide us the opportunity to serve our members better, and in a convenient location. We value our partnership with Eagle One. This could not have happened without their cooperation. We look forward to a long and mutually beneficial relationship."