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Main Line Health EFCU Franklin Mint to merge
PHILADELPHIA (6/4/10)--The boards of directors of Main Line Health Employees FCU and Franklin Mint FCU have agreed to merge in the third quarter with Franklin Mint as the continuing institution. The merger is subject to regulatory approval and a membership vote. Main Line Health Employees FCU, Bryn Mawr, Pa., has $52 million dollars in assets, 7,000 members, three branches and 16 employees. Branches are located at Lankenau Hospital, Bryn Mawr Hospital and Paoli Memorial Hospital. Franklin Mint FCU, Media, Pa., has nearly $600 million in assets, more than 60,000 members and 28 branch locations, nine of which are in local hospitals and five in local high schools. Once the two credit unions merge, they will have 31 branch offices with a combined asset size of more than $650 million dollars.


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