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CU System
Freedom CU Salem FCU merge
WARMINSTER, Pa. (9/1/11)--Freedom CU, with $498 million in assets, Warminster, Pa., has merged with Salem FCU. Freedom absorbed 449 Salem members with over $200,000 in deposits. The shares are primarily savings; however, a small number of loans were also transferred. Salem FCU exclusively served the congregation of Salem Baptist Church, in Jenkintown, Pa Salem members will have access to a Freedom branch minutes away from the Salem Baptist Church. Freedom CU, chartered in 1934, has more than 57,000 members.


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