PERU, N.Y.—Members of $57-million Mountain Valley FCU here have voted to approve the merger with $2.8-billion AmeriCU Credit Union, based in Rome, N.Y.
Mountain Valley members voted by mail and in-person at a special membership meeting on September 18, NewzJunky.com reported.
Pending final approval by the New York State Department of Financial Services, the merger is expected to be finalized by year end, NewzJunky.com said.
“The benefits and opportunities available to Mountain Valley members through this merger will be tremendous,” Mountain Valley Federal Credit Union CEO Maggie Pope said. “Members will have access to a much broader array of financial services, as well as the latest in technology, combined with the same personalized service and attentive team members they’ve come to rely on at our four branches. Mountain Valley proposed this merger to AmeriCU because, while they are larger, we are remarkably similar.”
“AmeriCU made a commitment to serve the people and businesses of Clinton and Essex counties a number of years ago,” said AmeriCU President and CEO Ron Belle. “We value our members who live and work in these communities, and we are excited by the prospect of planting even deeper roots and building on Mountain Valley Federal Credit Union’s incredible legacy of service, trust and mutual respect.”