CORNING, N.Y. (12/9/11)--American Community FCU, with $6 million assets, Chambersburg, Pa. and $896 million asset Corning CU (CCU), headquartered in Corning, N.Y., will be merge on Jan. 1.
Corning CU will be the continuing credit union, the credit unions announced. They have collaborated the past several months, during which time American Community has also been without a CEO.
American Community members will gain increased product and service offerings through the merger, while Corning will take over American's branch in Chambersburg.
"While CCU has always been strongly committed to the Greencastle area, this merger will solidify us as a credit union leader in the area and will reinforce our commitment to growing our business in Franklin County," said Gary Grinnell, Corning CU president/CEO. "Our goal now is to make the transition smooth and successful for all American Community FCU members."
Grinnell said service to American FCU members will continue uninterrupted until Corning CU is ready to begin transitioning accounts.