Keystone Federal Credit Union's members "overwhelmingly approved" a proposed merger with TruMark Financial Credit Union on Wednesday.
Keystone is a $76 million institution based in West Chester, Pa., and $1.7 billion TruMark is headquartered in Fort Washington, Pa.
The combined entity, with assets of about $1.8 billion, will have 22 branches and more than 115,000 members throughout Southeastern Pennsylvania. (West Chester and Fort Washington are both suburbs of Philadelphia).
The merger, TruMark Financial said, will provide the former Keystone members with access to "an expanded branch network and a wider menu of financial products and services." Members will also enjoy "the convenience of online and mobile banking services, mobile app with mobile deposit, and access to a large surcharge-free ATM network."
"This collaborative partnership expands our footprint throughout Chester County," said TruMark Financial chief executive officer Richard F. Stipa in a statement. "TruMark Financial is eager to provide Keystone members the superior service and quality products our members experience."
