Exciting News to Share

This exciting announcement means that UECU and NE PA Community Federal Credit Union legally merged on January 1, 2025. This merger represents a strategic partnership between two forward-thinking, healthy Pennsylvania-based credit unions for the benefit of members, employees, and the communities we serve.

The board of directors who represent the members are confident that merging with NE PA Community and combining our two credit unions provides the opportunity to achieve greater positive member, employee, and community impact and offers additional benefits to our members. The combined credit union builds an even stronger institution that is trusted, committed, and forward-thinking while positioning us to serve members into the future.

In a rapidly evolving financial services industry, this merger allows us to remain competitive and be more responsive to members’ financial needs now and into the future.

Absolutely. The boards and executive management teams of both credit unions are in favor of the merger and are very excited about this merger with the growth and benefits it brings to our members, employees, and communities.

Overall, our combined assets will be approximately $1.45 billion, serving more than 62,000 members nationwide. With our combined strengths in products, services, personnel, and technology, we’ll have the ability to better serve our members and our communities. Becoming a larger credit union will provide opportunities to leverage resources, position us for continued growth, and increase efficiencies.  It’s important to add that while our new asset size is larger, our joint commitment and focus remains to provide the best value to our members, employees, utility and energy partner companies, and the communities we serve.

Absolutely, UECU will continue to provide the same great financial products and services to utility and energy employees and their family members.

The NE PA Community Federal Credit Union was chartered in East Stroudsburg, PA, on January 14, 1960, as the Monroe County School Employees Federal Credit Union. The credit union’s original field of membership included the employees and family members of Monroe County public school districts and the East Stroudsburg State College.

On January 31, 2001, the credit union’s Board of Directors approved the credit union’s change to a community charter, enabling it to service all individuals who live, work, worship, or attend school in Monroe and Pike Counties, Pennsylvania. Additionally, on February 6, 2001, the Board of Directors approved changing the credit union’s name to the NE PA Community FCU.

NE PA Community Credit Union provides financial resources, convenience services, and products that help the members of the community reach their goals. As a not-for-profit financial cooperative, the credit union is governed by its members, and the profits are returned to them in the form of better rates, lower fees, and expanded services. NE PA Community Credit Union is committed to fostering financial education and empowerment among its members and communities and to making a positive impact through its support of local initiatives and organizations. NE PA Community Credit Union believes that everyone deserves access to affordable, high-quality financial services and is proud to serve the people of Northeastern Pennsylvania with integrity, respect, and excellence. NE PA Community Credit Union was voted Best Credit Union in 2023 in The Pocono Record’s Community’s Choice Awards. To learn more about NE PA Community, visit nepafcu.org.

The strategic merger between UECU and NE PA Credit Union will provide the opportunity to achieve more positive member impact and value such as:

• Enhanced Member Experience for PA Members and Utility and Energy Employees:
  Through streamlined processes, expanded products and service offerings, and innovative digital solutions, we can enhance member satisfaction and loyalty. By leveraging the strengths of both credit unions and reducing our costs we can provide an unparalleled level of service and convenience and return more value in the form of products, services, and community involvement to existing and future members.
• Community Impact:
  As credit unions, we are committed to making a positive impact on the communities we serve. Through combined resources and expanded outreach programs, we can strengthen our ability to support local initiatives, promote financial literacy, and foster economic growth throughout our communities.
• More responsive to evolving financial needs:
  This partnership is a strategic decision aimed at ensuring the long-term sustainability and prosperity of both credit unions and will allow the credit union to better anticipate and meet the financial needs of members in a competitive financial services industry.
• Same knowledgeable, friendly employees:
  The same friendly staff will continue to be available to serve members.

Both organizations believe by partnering, we can better serve members, employees, and the community than we would as separate organizations. The goal of both organizations is to grow our membership, leverage best practices, and enhance our products and services, building a greater experience for employees and members.

Mergers are about expanding and organizing for efficiency. This means employees have greater opportunities for professional growth, designing process improvements, and benefiting from the organization’s growth in perks, incentives, and benefits, while ensuring they have more resources available to do their jobs.

You will continue to be a member of the combined credit union. Once a member, always a member.

No. Both credit unions recognize employees are integral to our success and recognize the importance of retaining talented and dedicated employees. We know a successful merger depends on retaining talent and leadership and we will support our employees through this process.  

As an organization grows, so does its workforce. We believe our ability to invest in the success of our people will expand their opportunities for professional growth and increase personal development. The member-facing staff in the locations you visit will remain in those locations unless they decide to explore a new opportunity.

Immediately following the legal merger date of January 1, 2025, NE PA Credit Union will be designated as “NE PA Credit Union, a division of UECU.” At a future time, a thoughtful, independent, and expert analysis of the brand will be conducted to determine the name of the combined credit union.

Bret Krevolin, President/CEO of UECU, will be the President/CEO of the combined credit union.

The merger requires the approval of a majority of the members of NE PA Credit Union who vote on the proposal. With an outstanding 90% approval at the December 19th special meeting, the vote demonstrates strong support for the vision and future of the credit union.

Now that NE PA Credit Union has become a division of UECU, we will begin working on integrating our two organizations with the goal of having our core banking systems fully integrated by the end of the third quarter in 2025. Once the two credit unions are completely integrated, all branches will operate as one organization, and UECU members will have access to all former NE PA Credit Union locations in Monroe County, PA. As always, our Main Office and Call Center in Wyomissing, PA, and our digital banking services will be available to you. As the merger process continues, UECU will keep members informed of progress, including sharing important notices, dates, and events. If you have questions that haven’t been addressed in these frequently asked questions, please email [email protected].